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 ...

What: Wix Second Quarter 2024 Results Conference Call When: Wednesday, August 7, 2024 Time: 8:30 a.m. ET Webcast: https://investors.wix.com/ For more about Wix, please visit our Press Room Media Relations: [email protected] NEW YORK, July 17, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced that it will report its results for the second quarter ended June 30, 2024 before the market opens on Wednesday, August 7, 2024. Management will host a conference call and webcast that morning at 8:30 a.m ...

Wix is the leading SaaS website builder platform to create, manage, and grow a global, digital presence1. What began as a website builder in 2006 is now a complete platform providing self-creators, agencies, and enterprises, with distinguished performance, security, and a reliable infrastructure. With a focus on continuous innovation, a wide range of commerce and business solutions, advanced SEO, marketing tools, and industryleading AI technologies, Wix users have full ownership of their brand and unmatched ...

In the latest trading session, Wix.com (WIX) closed at $156.79, marking a +0.81% move from the previous day. This change outpaced the S&P 500's 0.07% gain on the day. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.14%. Prior to today's trading, shares of the cloud-based web development company had lost 7.88% over the past month. This has lagged the Computer and Technology sector's gain of 8.61% and the S&P 500's gain of 4.34% in that time. Market participants will be closely foll ...

Wix.com Ltd (WIX) recently announced a suite of innovative features aimed at augmenting the Wix ecosystem and simultaneously unlocking new income avenues. These announcements, made at the company's annual Developers' Conference, DevStudio Con, held in Bangalore, India, are set to transform the way developers build and deploy applications on the Wix platform. To further streamline the app development process, Wix has introduced a series of pre-designed templates tailored to different use cases. These templat ...