Williams-Sonoma Rises 2.39% as Earnings Forecasts Come Into Focus

Williams-Sonoma rose 2.39% to $233.39 at the latest close, outperforming the S&P 500’s 0.2% gain. The Dow and Nasdaq each rose 0.04%.

Over the past month, the shares gained 2.81%, according to the article. The Retail-Wholesale sector fell 5.49% and the S&P 500 lost 0.35% over that period.

Ahead of the company’s forthcoming earnings report, Zacks consensus estimates call for earnings of $2.16 per share and revenue of $1.99 billion. Those would represent increases of 10.2% and 5.43%, respectively, from the same quarter last year.

For the full year, consensus forecasts put earnings at $9.51 per share and revenue at $8.23 billion. Zacks said those estimates reflect year-over-year increases of 7.58% and 5.46%, respectively.

The consensus earnings estimate for the quarter rose 0.47% over the past 30 days, Zacks reported. Williams-Sonoma’s forward price-to-earnings ratio was 23.98, compared with 18.96 for its industry.