Williams-Sonoma Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Williams-Sonoma, Inc. WSM is projected to release financial results for its third quarter, before the opening bell on Nov. 16, 2023.

Analysts expect the company to post quarterly earnings at $3.35 per share, down from year-ago earnings of $3.72 per share. The company’s revenue might come in at $1.96 billion for the latest quarter.

Williams-Sonoma, during August, reported mixed results for the second quarter.

Williams-Sonoma shares gained 2.1% to close at $161.39 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Evercore ISI Group analyst Greg Melich maintained an In-Line rating and raised the price target from $140 to $145 on Sept. 8, 2023. This analyst has an accuracy rate of 63%.
• JP Morgan analyst Christopher Horvers maintained an Underweight rating and increased the price target from $115 to $135 on Aug. 24, 2023. This analyst has an accuracy rate of 74%.
• Wells Fargo analyst Zachary Fadem maintained an Equal-Weight rating and increased the price target from $120 to $150 on Aug. 24, 2023. This analyst has an accuracy rate of 84%.
• Wedbush analyst Seth Basham maintained a Neutral rating and raised the price target from $120 to $150 on Aug. 24, 2023. This analyst has an accuracy rate of 69%.
• Barclays analyst Adrienne Yih maintained an Underweight rating and raised the price target from $115 to $123 on Aug. 24, 2023. This analyst has an accuracy rate of 69%.

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