Wix(US:WIX) ZACKSยท2024-11-05 23:51Company 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]