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Benzinga
Benzinga
Business
Anusuya Lahiri

Wayfair Poised For Q2 Sales Beat On Strong Inventory, Vendor Promotions

Portland,,Or,,Usa,-,Apr,8,,2020:,Wayfair,Mobile,App

Wayfair (NYSE:W) is gearing up to release its second-quarter earnings before the market opens on August 4, with expectations of surpassing Street estimates for both sales and profitability.

On Monday, Bank of America Securities analyst Curtis Nagle reiterated a Neutral rating on Wayfair, setting a price forecast of $60. Nagle’s projection of $3.15 billion in second-quarter sales surpasses the Street’s consensus of $3.12 billion.

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