Wayfair (NYSE:W) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Wayfair beat estimated earnings by 35.8%, reporting an EPS of $-1.13 versus an estimate of $-1.76.
Revenue was down $219.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.1 which was followed by a 2.35% drop in the share price the next day.
Here’s a look at Wayfair’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -1.61 | -2.03 | -1.89 | -1.56 |
| EPS Actual | -1.71 | -2.11 | -1.94 | -1.96 |
| Revenue Estimate | 3.06B | 2.83B | 3.19B | 3.00B |
| Revenue Actual | 3.10B | 2.84B | 3.28B | 2.99B |
To track all earnings releases for Wayfair visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
