WSM - Where Will Williams-Sonoma Stock Be in 1 Year?
2023-03-20 08:40:00 ET
Williams-Sonoma 's (NYSE: WSM) stock dipped 3% on March 16 after it posted its latest earnings report. For the fourth quarter of fiscal 2022, which ended on Jan. 29, the home furnishing retailer's revenue fell 1.9% year over year to $2.45 billion and missed analysts' estimates by $150 million. Its comparable brand revenue, which excludes new store openings and closings, dipped 0.6%. But its adjusted EPS still rose 1.4% to $5.50 and cleared the consensus forecast by $0.04.
For the full year, Williams-Sonoma's revenue climbed 5.2% to $8.67 billion, its comparable brand revenue rose 6.5%, and its adjusted EPS grew 11.4% to $16.54. Those growth rates seem stable, but Williams-Sonoma's stock remains down more than 20% over the past 12 months. Will it impress the bulls again and bounce back this year?
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Where Will Williams-Sonoma Stock Be in 1 Year?