Williams-Sonoma reported better than expected EPS and sales

Updated on:
Nov 20th, 2020

Williams-Sonoma ($WSM) had the quarterly financial event and posted the FQ3 report on Thursday. WSM surpassed analysts estimates and posted a per-share earnings of $2.56, that is a 67.32% improvement compared to the previous predictions of $1.53. In addition, reported revenues were $1.8 billion versus estimates of $1.6 billion.

Compared to the same quarter one year ago, EPS was $1.02, so reported EPS means a improvement of 150.98%. Williams-Sonoma positively surprised experts in fiscal second-quarter when it reported $1.80, improving previous estimates of $1.00.

Williams-Sonoma got 5 new ratings from analyst companies on Friday : Barclays raised the price target to $144.00 (42.52% versus the closing price) with a buy rating, Oppenheimer forecasts a target price of $115.00, with a rating of strong positive and Wedbush marked up the price target from $115.00 to $130.00 (28.66% versus the closing price) with a buy rating. The opinions issued by financial experts are not a buy or sell advice for individual traders, so it is not appropriate to follow them blindly.

WSM outperformed its peers for the last 30 days, marking a 2.5%. If we look at its competitors, O'Reilly Automotive (ORLY) marked a -2.8%, Best Buy (BBY) made a -0.1%, AutoZone (AZO) performed a -5.6%, Tractor Supply (TSCO) made a -7.6%, Ulta Beauty (ULTA) made a 17.5% and Genuine Parts (GPC) marked a -2.5%. Best Buy is posting earnings results in the coming days.

Williams-Sonoma, Inc. operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.. The stock is part of the Specialty Retail industry in the Consumer Cyclical sector. The firm's Headquarters are in San Francisco, United States, and has 11,600 employees worldwide. Find further information about the company at its corporate site at http://www.williams-sonomainc.com.

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