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Wix.com (WIX) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-11-20 15:31
For the quarter ended September 2024, Wix.com (WIX) reported revenue of $444.67 million, up 12.9% over the same period last year. EPS came in at $1.50, compared to $1.10 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $443.64 million, representing a surprise of +0.23%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $1.44.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...
Wix.com (WIX) Tops Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-20 13:06
Wix.com (WIX) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this cloud-based web development company would post earnings of $1.32 per share when it actually produced earnings of $1.67, delivering a surprise of 26.52%.Over the last four quar ...
Wix Reports Third Quarter 2024 Results
GlobeNewswire News Room· 2024-11-20 06:00
Strong performance of key product initiatives drove third consecutive quarter of bookings growth acceleration – now expect to exit 2024 with y/y bookings growth of 18% Continued meaningful growth acceleration with total bookings of $449.8 million in the quarter, up 16% y/y, driven by Studio momentum, AI benefits, robust commerce activity and healthy business fundamentalsStrengthening tailwinds from key AI innovations – notably, tests demonstrate a 13% conversion uplift in recent Self Creator cohort from AI- ...
Wix Studio Launches New Visual Sitemap and Wireframe Generator to Streamline Website Planning and Creation Process for Agencies
GlobeNewswire News Room· 2024-11-19 17:00
The new offering generates dynamic and custom visual sitemaps and wireframe options, providing  more efficient ways for agencies to plan, structure, and build their websites NEW YORK – – Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, announced today the launch of its AI-powered visual sitemap and wireframe generator tool for Wix Studio. The new offering allows agencies and enterprises to accelerate site planning with a fully-native, AI-powered visual sitemap tool that can s ...
Stay Ahead of the Game With Wix.com (WIX) Q3 Earnings: Wall Street's Insights on Key Metrics
ZACKS· 2024-11-15 15:21
In its upcoming report, Wix.com (WIX) is predicted by Wall Street analysts to post quarterly earnings of $1.44 per share, reflecting an increase of 30.9% compared to the same period last year. Revenues are forecasted to be $443.27 million, representing a year-over-year increase of 12.6%.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.A ...
Wix Set to Report Q3 Earnings: Here's What Investors Should Know
ZACKS· 2024-11-15 15:10
Wix.com Ltd (WIX) is slated to report third-quarter 2024 results on Nov. 20.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company expects third-quarter revenues to be between $440 million and $445 million, implying 12-13% growth from the prior-year quarter's reported figure. The Zacks Consensus Estimate is pegged at $443.3 million, indicating an increase of 12.6% from a year ago.The Zacks Consensus Estimate for earnings is pegged at $1.44 per share, up 30.9% from the year-earl ...
SoDA and Wix Studio Present a Special Edition of The SoDA Report On: The Role of Storytelling in Creating Modern Web Experiences
GlobeNewswire News Room· 2024-11-15 14:00
The report highlights how agencies can embrace storytelling to showcase innovation, differentiate themselves, and integrate new technologies NEW YORK, November 14, 2024 – – Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, in collaboration with The Society of Digital Agencies (SoDA), a global network of digital agency founders, creative innovators and technology disruptors, today releases the latest edition of SoDA Report On series. This report delves into the evolving role o ...
Wall Street Analysts See Wix.com (WIX) as a Buy: Should You Invest?
ZACKS· 2024-11-12 15:31
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 sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Wix.com (WIX) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Wix.com currently has an average brokerage r ...
Wix.com (WIX) Moves 6.5% Higher: Will This Strength Last?
ZACKS· 2024-11-12 09:01
Wix.com (WIX) shares rallied 6.5% in the last trading session to close at $183.64. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.9% gain over the past four weeks.The increase in share price can be attributed to strong topline performance. Higher adoption of the product portfolio, especially various artificial intelligence (AI) products and WIX Studio, has been driving the company’s performance. WIX is foc ...
Wix.com (WIX) Laps the Stock Market: Here's Why
ZACKS· 2024-11-05 23:51
Wix.com (WIX) closed the most recent trading day at $165.80, moving +1.46% from the previous trading session. This change outpaced the S&P 500's 1.23% gain on the day. On the other hand, the Dow registered a gain of 1.02%, and the technology-centric Nasdaq increased by 1.43%.Prior to today's trading, shares of the cloud-based web development company had gained 3.37% over the past month. This has outpaced the Computer and Technology sector's loss of 0.04% and the S&P 500's loss of 0.54% in that time.The inve ...