Wix.com (WIX) Advances While Market Declines: Some Information for Investors

Company Performance - Wix.com closed at $161.03, with a daily increase of +1.62%, outperforming the S&P 500's loss of 0.11% [1] - Over the past month, Wix.com shares have gained 6.38%, while the Computer and Technology sector increased by 8.76% and the S&P 500 by 5.17% [1] Upcoming Earnings - Wix.com is expected to report an EPS of $1.75, reflecting a year-over-year increase of 4.79% [2] - Revenue is projected to be $487.58 million, indicating an 11.89% increase compared to the same quarter last year [2] Fiscal Year Projections - For the fiscal year, earnings are projected at $7.13 per share and revenue at $1.98 billion, representing increases of +11.58% and +12.7% respectively from the prior year [3] - Recent changes to analyst estimates may indicate a shifting business landscape, with positive revisions suggesting optimism about the company's outlook [3] Valuation Metrics - Wix.com has a Forward P/E ratio of 22.23, which is higher than the industry average of 19.73 [5] - The company has a PEG ratio of 1.08, compared to the industry average PEG ratio of 2.17 [6] Industry Ranking - The Computers - IT Services industry, which includes Wix.com, has a Zacks Industry Rank of 43, placing it in the top 18% of over 250 industries [6] - The Zacks Rank system indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]