Wayfair, Inc. (W) Tops Q3 EPS by 9c
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Cowen Affirms Wayfair (W) at 'Outperform' Following Q3 Results, Outlook
November 11, 2014 7:21 AM ESTCowen and Company maintains an Outperform rating and $31 price target on Wayfair (NYSE: W) following Q3 results reported on Monday night.
Analyst John Blackledge noted that revenue of $336 million came in $33 million above the firm's estimate, while adjusted EBITDA of negative $18.3 million was in-line with the firm and about 4 percent below consensus.
Blackledge commented, W's customer count rose to 2.86MM, up 61% y/y and 9% q/q, ~1% below our 2.90MM forecast.... More
