Wall Street analysts forecast that Wix.Com Ltd (NASDAQ:WIX) will report $0.23 earnings per share (EPS) for the current quarter, Zacks reports. Eleven analysts have made estimates for Wix.Com’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.33. Wix.Com posted earnings of $0.01 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2,200%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Wix.Com will report full-year earnings of $0.82 per share for the current financial year, with EPS estimates ranging from $0.69 to $1.01. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.44 per share, with EPS estimates ranging from $1.26 to $1.81. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Wix.Com.
Wix.Com (NASDAQ:WIX) last posted its quarterly earnings results on Wednesday, July 25th. The information services provider reported $0.29 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.49. The business had revenue of $146.10 million during the quarter, compared to analysts’ expectations of $144.76 million. Wix.Com had a negative net margin of 9.07% and a negative return on equity of 104.11%. Wix.Com’s quarterly revenue was up 40.6% on a year-over-year basis.
Several analysts recently commented on WIX shares. ValuEngine upgraded shares of Wix.Com from a “buy” rating to a “strong-buy” rating in a report on Friday, June 15th. SunTrust Banks raised their price objective on shares of Wix.Com to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. Zacks Investment Research lowered shares of Wix.Com from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. BidaskClub raised shares of Wix.Com from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 11th. Finally, Barclays raised their price objective on shares of Wix.Com from $87.00 to $115.00 and gave the company an “overweight” rating in a research report on Monday, July 23rd. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Wix.Com currently has a consensus rating of “Buy” and a consensus target price of $105.38.
Several large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. bought a new position in shares of Wix.Com in the second quarter valued at approximately $104,000. Advisory Services Network LLC bought a new position in shares of Wix.Com in the second quarter valued at approximately $115,000. Fortis Advisors LLC bought a new position in shares of Wix.Com in the second quarter valued at approximately $150,000. Global X Management Co LLC bought a new position in shares of Wix.Com in the second quarter valued at approximately $181,000. Finally, Cumberland Partners Ltd bought a new position in shares of Wix.Com in the second quarter valued at approximately $201,000. 88.01% of the stock is currently owned by institutional investors.
Shares of WIX stock traded down $2.48 during trading on Wednesday, hitting $106.79. 75,534 shares of the company were exchanged, compared to its average volume of 611,788. The company has a debt-to-equity ratio of 2.76, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $5.61 billion, a P/E ratio of -106.79 and a beta of 1.67. Wix.Com has a twelve month low of $50.90 and a twelve month high of $121.45.
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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