Wix.Com Ltd (NASDAQ:WIX) Expected to Announce Earnings of -$0.34 Per Share

Wall Street brokerages expect that Wix.Com Ltd (NASDAQ:WIX) will post ($0.34) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Wix.Com’s earnings. The lowest EPS estimate is ($0.39) and the highest is ($0.27). The firm is expected to report its next earnings report on Tuesday, November 12th.

On average, analysts expect that Wix.Com will report full-year earnings of ($1.22) per share for the current year, with EPS estimates ranging from ($1.30) to ($1.12). For the next financial year, analysts forecast that the business will post earnings of ($1.07) per share, with EPS estimates ranging from ($1.48) to ($0.74). Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Wix.Com.

Wix.Com (NASDAQ:WIX) last released its quarterly earnings results on Wednesday, July 24th. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.38) by $0.17. Wix.Com had a negative net margin of 8.70% and a negative return on equity of 21.60%. The business had revenue of $185.40 million for the quarter, compared to analyst estimates of $183.92 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm’s revenue was up 26.9% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on WIX shares. BidaskClub lowered shares of Wix.Com from a “hold” rating to a “sell” rating in a report on Friday. Wedbush boosted their price target on shares of Wix.Com from $152.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. SunTrust Banks boosted their price target on shares of Wix.Com to $168.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Northland Securities set a $160.00 price target on shares of Wix.Com and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Zacks Investment Research upgraded shares of Wix.Com from a “strong sell” rating to a “hold” rating and set a $122.00 price target on the stock in a report on Saturday, July 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $136.39.

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its stake in shares of Wix.Com by 18.1% during the 1st quarter. FMR LLC now owns 4,382,658 shares of the information services provider’s stock worth $529,556,000 after purchasing an additional 671,358 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Wix.Com by 7.1% during the 2nd quarter. Janus Henderson Group PLC now owns 679,235 shares of the information services provider’s stock worth $96,519,000 after purchasing an additional 44,927 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Wix.Com by 15.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,898 shares of the information services provider’s stock worth $1,264,000 after purchasing an additional 1,178 shares during the last quarter. Pier 88 Investment Partners LLC increased its stake in shares of Wix.Com by 143.3% during the 2nd quarter. Pier 88 Investment Partners LLC now owns 2,615 shares of the information services provider’s stock worth $372,000 after purchasing an additional 1,540 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Wix.Com by 8.0% during the 1st quarter. CIBC Private Wealth Group LLC now owns 65,047 shares of the information services provider’s stock worth $7,860,000 after purchasing an additional 4,801 shares during the last quarter. Hedge funds and other institutional investors own 84.12% of the company’s stock.

Shares of WIX stock traded down $2.59 during trading hours on Friday, reaching $123.81. 311,905 shares of the stock traded hands, compared to its average volume of 620,566. Wix.Com has a 1-year low of $80.20 and a 1-year high of $155.75. The business has a fifty day moving average price of $143.90 and a 200 day moving average price of $134.18. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $6.17 billion, a PE ratio of -281.39 and a beta of 1.55.

About Wix.Com

Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.

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Earnings History and Estimates for Wix.Com (NASDAQ:WIX)

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