Company Performance - Wix.com (WIX) closed at $160.64, with a -0.29% movement compared to the previous day, underperforming the S&P 500 which lost 0.19% [1] - Over the past month, WIX shares have depreciated by 2.43%, while the Computer and Technology sector saw a loss of 0.09% and the S&P 500 gained 2.06% [1] Upcoming Financial Results - Wix.com is expected to report earnings per share (EPS) of $1.44, reflecting a 30.91% increase year-over-year [2] - Revenue is projected to be $443.27 million, indicating a 12.55% increase from the same quarter last year [2] Full-Year Estimates - The full-year Zacks Consensus Estimates for Wix.com are earnings of $5.85 per share and revenue of $1.75 billion, representing year-over-year changes of +33.26% and +12.37% respectively [3] Analyst Estimates and Stock Performance - Recent changes to analyst estimates for Wix.com are linked to stock price performance, with positive revisions indicating optimism about the company's outlook [4][3] - Wix.com currently holds a Zacks Rank of 3 (Hold), with the EPS estimate remaining stagnant over the past month [5] Valuation Metrics - Wix.com has a Forward P/E ratio of 27.55, which is higher than the industry average of 27.08, suggesting it is trading at a premium [6] - The company has a PEG ratio of 1.23, compared to the industry average PEG ratio of 3.1 [7] Industry Context - The Computers - IT Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 55, placing it in the top 22% of over 250 industries [8]

Wix.com's (WIX) shares have been performing well on the trading front, with a gain of 65.4% in the past year compared with the S&P 500 composite and sub-industry's growth of 25.9% and 22.9%, respectively. Strong financial performance is driving the stock's trajectory. The company's earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average surprise of 29.8%. Closing at $156.59 as of yesterday's trading session, WIX stock is currently trading 12.4% below its 52-week ...

The theme assistant guides users to features that help edit design elements, helping to unify the site with a cohesive look and feel NEW YORK, Sept. 12, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, announced today the launch of its AI theme assistant, a tool designed to streamline and enhance the website design process. The AI theme assistant offers users personalized guidance and realtime suggestions, enabling them to effortlessly design the theme of ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Wix.com (WIX) . Wix.com currently has an average brokerage recommendation ...

Wix.com (WIX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this cloud-based web development company have returned +5.2% over the past month versus the Zacks S&P 500 composite's +2.6% change. The Zacks Computers - IT Services industry, to which Wix.com belongs, has gained 1.3% over this period. Now the key question is: Where could the stock be headed in the near ter ...

Core Insights - Wix.com is a website development platform that enables users to create websites quickly and facilitates eCommerce transactions [1][2] - The company has heavily invested in AI tools to enhance user experience, with multiple AI business assistants launched in 2023 and more expected in 2024 [3][4] Business Model - Wix generates revenue through advertising on free websites, with premium subscription plans ranging from $17 to $159 [2] - The company offers professional services for SEO and web development, alongside a marketplace with over 800 apps for website enhancement [6] AI Strategy - Wix has introduced various AI tools, including an AI Image Creator and an AI Text Creator, aimed at improving user experience and site customization [5] - Future AI developments include a social campaign builder and an AI site assistant to facilitate customer interactions [5] Financial Performance - In Q2 2024, Wix reported EPS of $1.67, exceeding analyst estimates, with revenues of $435.7 million, a 12% year-over-year increase [9] - The company achieved a record take rate of 1.68%, driven by a 21% growth in transaction revenue [9] Growth Outlook - Wix is on track to meet the Rule of 40 milestone a year ahead of schedule, indicating strong revenue growth and profitability [10] - For Q3 2024, Wix expects revenues between $440 million and $445 million, with full-year revenue guidance raised to $1.175 to $1.76 billion [11] Analyst Ratings - Wix has a "Moderate Buy" rating from analysts, with an average price target of $183.56, indicating a potential upside of 15.33% [12][11] - The stock is not currently highlighted as a top buy by leading analysts, suggesting a competitive landscape [13]

For the quarter ended June 2024, Wix.com (WIX) reported revenue of $435.75 million, up 11.7% over the same period last year. EPS came in at $1.67, compared to $1.26 in the year-ago quarter. The reported revenue represents a surprise of +0.49% over the Zacks Consensus Estimate of $433.61 million. With the consensus EPS estimate being $1.32, the EPS surprise was +26.52%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

Accelerated bookings growth, driven by key product initiatives, and FCF margin expansion in Q2 builds momentum for 2H NEW YORK, August 7, 2024 -- Wix.com Ltd. (Nasdaq: WIX), the leading SaaS website builder platform globally , today reported financial results for the second quarter of 2024. In addition, the Company provided its outlook for the third quarter and an updated outlook for full year 2024. Please visit the Wix Investor Relations website at https://investors.wix.com/ to view the Q2'24 Shareholder U ...

Analysts on Wall Street project that Wix.com (WIX) will announce quarterly earnings of $1.32 per share in its forthcoming report, representing an increase of 4.8% year over year. Revenues are projected to reach $433.61 million, increasing 11.2% from the same quarter last year. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Prior to a ...

The suite of the new AI functionalities for the blog is designed to provide users with simple solutions to create blogs and build their content library NEW YORK, July 31, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, announced today the release of a suite of AI-powered tools designed to suggest relevant topic ideas for blogs, generate the content and images for their target audience. With this new experience, users can swiftly turn ideas into near-read ...