Wayfair Earnings: Get Ready for the Profit Surge
Just since the start of 2020, Wayfair (NYSE: W) stock has moved between a nearly 80% loss to an over 150% gain year to date. That latest rally reflects investors' growing confidence in the online retailing business following the initial COVID-19 global outbreak. But the slumps that preceded it illustrate how quickly that sentiment can change.
Wayfair's upcoming earnings report will mark another opportunity for Wall Street to make a potentially sharp revision to its outlook for the company. So, let's take a look at what investors can expect to see in the announcement set for Wednesday, Aug. 5.