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.
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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. Stock
The stock is one of the favorites of our community with 46 Buy predictions and 1 Sell predictions.
With a target price of 96 € there is a slightly positive potential of 5.24% for Wayfair Inc. compared to the current price of 91.22 €.
