Wix(US:WIX) ZACKSยท2024-09-20 23:06Company 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]