Company Performance - Wix.com closed at $103.43, reflecting a -1.48% change from the previous day, underperforming the S&P 500's loss of 0.14% [1] - Over the past month, Wix.com shares have increased by 10.28%, significantly outperforming the Computer and Technology sector's gain of 0.2% and the S&P 500's gain of 0.94% [1] Upcoming Earnings - The upcoming earnings per share (EPS) for Wix.com is projected at $1.36, indicating a 29.53% decline compared to the same quarter last year [2] - Revenue is expected to reach $528.03 million, representing a 14.68% increase compared to the same quarter last year [2] Annual Estimates - For the annual period, earnings are anticipated to be $6.93 per share, with revenue projected at $2 billion, reflecting increases of +8.45% and +13.41% respectively from the previous year [3] - Recent changes in analyst estimates suggest evolving short-term business trends, with positive revisions indicating analysts' confidence in Wix.com's performance [3] Valuation Metrics - Wix.com is currently trading at a Forward P/E ratio of 15.15, which is lower than the industry average Forward P/E of 17.12 [6] - The company has a PEG ratio of 0.82, compared to the industry average PEG ratio of 1.82, indicating a favorable valuation relative to expected earnings growth [6] Industry Context - The Computers - IT Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 87, placing it in the top 36% of over 250 industries [7] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [7]
Why Wix.com (WIX) Dipped More Than Broader Market Today