Wix.com (WIX) stock is continuing its upward trajectory with a gain of 55.5% in the past year compared with 44.3% and 26.5% growth of the sub-industry and S&P Composite, respectively.Headquartered in Tel Aviv, Israel, and founded in 2006, WIX is a cloud-based web development platform. It offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms, and grow their online presence.The increase in stock price can be attributed to ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?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 recommendation (ABR) o ...

Wix.com (WIX) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this cloud-based web development company have returned +4.4%, compared to the Zacks S&P 500 composite's +3.8% change. During this period, the Zacks Computers - IT Services industry, which Wix.com falls in, has gained 2.8%. The key question now is: What could be the stock's future direction?Whil ...

Shares of website building company Wix.com (WIX 8.33%) jumped on Wednesday after the company reported completed financial results for 2023. The company just capped off a good year that was better than what investors expected. That's why Wix stock was up about 9% as of 10 a.m. ET.How Wix turned things aroundWix generated record revenue of almost $1.6 billion in 2023, which was up 13% year over year. But I think the market is more impressed with its free cash flow of $182 million, which was nearly a 12% margi ...

Wix.com Ltd. (NASDAQ:WIX) Q4 2023 Earnings Conference Call February 21, 2024 8:30 AM ET Company Participants Emily Liu - IR Avishai Abrahami - CEO and Co-Founder Nir Zohar - President and COO Lior Shemesh - CFO Conference Call Participants Elizabeth Porter - Morgan Stanley Ygal Arounian - Citi Mark Mahaney - Evercore ISI Trevor Young - Barclays Operator Good day, and thank you for standing by. Welcome to the Wix Q4 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Afte ...

Wix.com Ltd (WIX) reported non-GAAP diluted earnings per share (EPS) of $1.22 for fourth-quarter 2023, exceeding the Zacks Consensus Estimate of 98 cents. The company had reported EPS of 61 cents in the year-ago quarter.Total revenues increased 14% year over year to $403.8 million and beat the Zacks Consensus Estimate of $402.6 million.At the end of Dec 31, 2023, registered users were 263 million.Quarter in DetailCreative Subscriptions’ revenues (73.3% of total revenues) increased 12% year over year to $296 ...

Wix.com (WIX) reported $403.77 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 13.7%. EPS of $1.22 for the same period compares to $0.61 a year ago.The reported revenue represents a surprise of +0.29% over the Zacks Consensus Estimate of $402.61 million. With the consensus EPS estimate being $0.98, the EPS surprise was +24.49%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Wix.com (WIX) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.49%. A quarter ago, it was expected that this cloud-based web development company would post earnings of $0.77 per share when it actually produced earnings of $1.10, delivering a surprise of 42.86%.Over the last four qua ...

1 our expectations relating to the repurchase of our ordinary shares and/or Convertible Notes pursuant to our repurchase program; our expectation that we will effectively manage our infrastructure; our expectations regarding the outcome of any regulatory investigation or litigation, including class actions; our expectations regarding future changes in our cost of revenues and our operating expenses on an absolute basis and as a percentage of our revenues, as well as our ability to achieve and maintain profi ...