What to Expect From Wayfair’s Q2 Earnings?
<p>Analysts at Wedbush provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/W'>Wayfair Inc.’s (NYSE:W)</a> upcoming Q2 results, which are expected to be reported on Aug 4.</p>
<p>While industry retail sales growth continued to increase 3% year-over-year in Q2, the analysts noted that their checks point to further demand deterioration, particularly for the company’s core mass market customer segment that is most impacted by inflation.</p>
<p>The analysts expect Q2 revenue to decline 17% year-over-year (vs. Street’s 16% decline). Beyond the quarter, the analysts now expect a modest sequential decline in revenue in Q2 and an 8% decline for the full 2022-year (vs. Street’s 5% decline). </p>
<p>The analysts lowered their price target on the company’s shares to $50 from $68, while reiterating their neutral rating.</p>

NYSE:W