Wix.com (WIX) Suffers a Larger Drop Than the General Market: Key Insights

Company Performance - Wix.com closed at $161.77, reflecting a -1.17% change from the previous day, underperforming the S&P 500's loss of 0.07% [1] - Over the past month, Wix.com shares increased by 6.31%, surpassing the Computer and Technology sector's gain of 5.58% and the S&P 500's gain of 3.94% [1] Upcoming Earnings - Wix.com is projected to report earnings of $1.75 per share, indicating a year-over-year growth of 4.79% [2] - The consensus estimate anticipates revenue of $487.58 million, representing an 11.89% increase from the same quarter last year [2] Annual Estimates - For the annual period, earnings are expected to be $7.13 per share and revenue is projected at $1.98 billion, reflecting increases of +11.58% and +12.7% respectively from the previous year [3] - Recent changes in analyst estimates are crucial as they reflect the shifting dynamics of short-term business patterns, with positive revisions indicating analysts' confidence in business performance [3] Valuation Metrics - Wix.com currently has a Forward P/E ratio of 22.96, which is a premium compared to the industry average Forward P/E of 19.88 [5] - The PEG ratio for Wix.com is 1.11, while the industry average PEG ratio is 2.2 [6] Industry Ranking - The Computers - IT Services industry, which includes Wix.com, ranks in the top 29% of all industries according to the Zacks Industry Rank [6] - The Zacks Industry Rank assesses the strength of industry groups by calculating the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]