Wix(US:WIX) ZACKSยท2024-10-02 23:06Group 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]