Company Performance - Wix.com shares increased by 6.5% to close at $183.64, with notable trading volume compared to typical sessions, and a 2.9% gain over the past four weeks [1] - The rise in share price is attributed to strong topline performance driven by higher adoption of AI products and WIX Studio, which are significant growth drivers for the company [2] Product Development - The addition of new features and enhancements to WIX Studio is contributing to its increased uptake, with management noting better-than-expected growth in Studio accounts and new Partners joining the platform [3] Financial Outlook - Following a strong second quarter, management raised the 2024 outlook for bookings, revenues, and free cash flow, with revenues now expected to be between $1,747 million and $1,761 million, and total bookings projected between $1,802 million and $1,822 million [4] - The upcoming quarterly earnings are projected at $1.44 per share, reflecting a year-over-year increase of 30.9%, with revenues expected to reach $443.27 million, a 12.6% increase from the previous year [5] Earnings Estimates - The consensus EPS estimate for Wix.com has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [6]

Company Performance - Wix.com closed at $165.80, with a gain of +1.46% on the most recent trading day, outperforming the S&P 500's gain of 1.23% [1] - Over the past month, Wix.com shares increased by 3.37%, while the Computer and Technology sector experienced a loss of 0.04% and the S&P 500 lost 0.54% [1] Upcoming Earnings - Wix.com is set to release its earnings report on November 20, 2024, with projected EPS of $1.44, indicating a 30.91% increase year-over-year [2] - Revenue is expected to reach $443.27 million, reflecting a 12.55% increase compared to the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at $5.85 per share and revenue at $1.75 billion, representing increases of +33.26% and +12.37% respectively from the prior year [3] - Changes in analyst estimates for Wix.com are important indicators of near-term business trends, with positive revisions suggesting a favorable business outlook [3] Valuation Metrics - Wix.com has a Forward P/E ratio of 27.94, which is higher than the industry average of 27.21, indicating a premium valuation [6] - The company has a PEG ratio of 1.25, compared to the industry average PEG ratio of 2.79, suggesting a more favorable growth outlook relative to its valuation [6] Industry Context - The Computers - IT Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 37, placing it in the top 15% of over 250 industries [7] - The Zacks Industry Rank is based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [7]

Wix.com (WIX) closed at $167.88 in the latest trading session, marking a -1.01% move from the prior day. This move lagged the S&P 500's daily loss of 0.33%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq lost 0.56%.The cloud-based web development company's shares have seen an increase of 7.68% over the last month, surpassing the Computer and Technology sector's gain of 2.83% and the S&P 500's gain of 1.83%.Analysts and investors alike will be keeping a close eye on the performance of Wix.co ...

Wix to Announce Third Quarter 2024 Results on November 20, 2024 NEW YORK, October 30, 2024 -- Wix.com Ltd. (Nasdaq: WIX), today announced that it will report its results for the third quarter ended September 30, 2024 before the market opens on Wednesday, November 20, 2024. Management will host a conference call and webcast that morning at 8:30 a.m. ET to answer questions about the Company's financial results. Prior to the conference call and webcast, Wix will issue a press release reporting these results al ...

The latest trading session saw Wix.com (WIX) ending at $164.50, denoting a +0.14% adjustment from its last day's close. This change lagged the S&P 500's 0.27% gain on the day. Meanwhile, the Dow experienced a rise of 0.65%, and the technology-dominated Nasdaq saw an increase of 0.26%.Coming into today, shares of the cloud-based web development company had lost 2.39% in the past month. In that same time, the Computer and Technology sector gained 2.21%, while the S&P 500 gained 2%.Investors will be eagerly wa ...

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 ...

The latest trading session saw Wix.com (WIX) ending at $172.47, denoting a -0.53% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.18%. Elsewhere, the Dow lost 0.8%, while the tech-heavy Nasdaq added 0.27%.The cloud-based web development company's shares have seen an increase of 7.94% over the last month, surpassing the Computer and Technology sector's gain of 6.6% and the S&P 500's gain of 4.46%.The investment community will be paying close attention to ...

Company Performance - Wix.com shares increased by 3.2% to close at $177.24, with notable trading volume compared to typical sessions, and a total gain of 7.7% over the past four weeks [1] - The rise in share price is attributed to strong topline performance driven by the adoption of AI products and WIX Studio, which is a significant growth driver for the company [1] - Management reported that the number of Studio accounts and new Partners joining the Wix platform through Studio exceeded expectations [1] Financial Outlook - Following a strong second quarter, management raised the 2024 outlook for bookings, revenues, and free cash flow, with revenues now expected to be between $1,747 million and $1,761 million, an increase from the previous guidance [2] - Total bookings are projected to be between $1,802 million and $1,822 million, compared to the earlier range of $1,796 million to $1,826 million [2] - The upcoming quarterly earnings are expected to be $1.44 per share, reflecting a year-over-year increase of 30.9%, with revenues anticipated at $443.27 million, up 12.6% from the previous year [2] Earnings Estimates - The consensus EPS estimate for Wix.com has remained unchanged over the last 30 days, indicating that stock price movements may not continue without trends in earnings estimate revisions [3] - Wix.com currently holds a Zacks Rank of 3 (Hold), while CyberArk, another company in the same industry, has a Zacks Rank of 1 (Strong Buy) [3]

Wix.com Ltd. (WIX) is making significant strides in generative artificial intelligence (AI) to position itself as a key player in a rapidly evolving market. WIX is a cloud-based web development platform based in Tel Aviv, Israel. It offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms and grow the companies' online presence. Recognizing AI as a powerful catalyst for growth, the company has launched several innovative p ...

Group 1: Company Performance - Wix.com closed at $160.09, with a daily increase of +1.65%, outperforming the S&P 500's gain of 0.01% [1] - Over the last month, Wix.com shares increased by 0.04%, lagging behind the Computer and Technology sector's gain of 1.03% and the S&P 500's gain of 1.21% [1] Group 2: Earnings Projections - Upcoming EPS for Wix.com is projected at $1.44, indicating a 30.91% increase compared to the same quarter of the previous year [2] - Revenue is forecasted to be $443.27 million, reflecting a 12.55% growth compared to the corresponding quarter of the prior year [2] Group 3: Full Year Estimates - Zacks Consensus Estimates suggest earnings of $5.85 per share and revenue of $1.75 billion for the full year, marking changes of +33.26% and +12.37% respectively from last year [3] Group 4: Analyst Estimates and Stock Performance - Recent changes to analyst estimates for Wix.com are important as they reflect short-term business trends, with positive revisions indicating optimism about the company's outlook [4] - Estimate alterations are linked to stock price performance, and the Zacks Rank system integrates these changes to provide a functional rating [5] Group 5: Zacks Rank and Valuation - Wix.com currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 26.93, which is a discount compared to the industry average of 27.27 [6] - The PEG ratio for Wix.com is 1.2, significantly lower than the average PEG ratio of 2.72 for the Computers - IT Services industry [7] Group 6: Industry Ranking - The Computers - IT Services industry, which includes Wix.com, holds a Zacks Industry Rank of 50, placing it in the top 20% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]