Why Wayfair Stock Rocketed Higher This Week
Shares of online furniture retailer (NYSE: W) soared this week following a third-quarter earnings report that featured solid revenue growth and a big increase in adjusted earnings per share. Despite a rough housing market and tariffs, Wayfair was able to grow revenue and hit its highest adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin since the height of the COVID-19 pandemic. As of 3:45 p.m. ET, shares of Wayfair had gained 23.6% for the week, according to data provided by S&P Global Market Intelligence.
Image source: Getty Images.
Wayfair's total revenue rose by 8.1% year over year to $3.1 billion. If not for the exit from the German market, revenue would have grown at a quicker 9% pace. U.S. revenue, which accounts for most of Wayfair's total revenue, grew by 8.6%. International revenue was up 4.6%.
Source Fool.com
Wayfair Inc. Aktie
Mit 48 Buy-Einschätzungen und nur 1 Sell-Einschätzungen ist Wayfair Inc. einer der Lieblinge unserere Community.
Das Kursziel von 94 € für Wayfair Inc. weist auf ein leicht positives Potenzial gegenüber dem aktuellen Kurs von 87.26 € hin.
