Wayfair (W) will report Q1 earnings tomorrow before the market opens (7 AM last quarter) with a conference call to follow at 8AM ET.

Current Cap IQ consensus estimates Q1 EPS of -$0.89 (vs -$0.66 last year) on revs of $1.358 bln (+41% Y/Y).

W will guide for Q2 revs on the call: Estimates are for Q2 revs up 32% Y/Y to $1.4845 bln

TECHS:

W reached all-time highs around 100 before the Q4 report. Share prices have fallen 40% since. Shares fell 23% following the last report, finding support around the 70 level. 

Short interest has picked up from 18% before the Q4 report to 27% of the 54 mln share float.