Wall Street analysts expect Wix.Com Ltd (NASDAQ:WIX) to report earnings per share (EPS) of ($0.34) for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Wix.Com’s earnings, with the lowest EPS estimate coming in at ($0.39) and the highest estimate coming in at ($0.27). The company is scheduled to report its next quarterly earnings results on Tuesday, November 12th.
According to Zacks, 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 fiscal year, analysts anticipate that the firm will report earnings of ($1.07) per share, with EPS estimates ranging from ($1.48) to ($0.74). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Wix.Com.
Wix.Com (NASDAQ:WIX) last released its earnings results on Wednesday, July 24th. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.17. Wix.Com had a negative return on equity of 21.60% and a negative net margin of 8.70%. The firm had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $183.92 million. During the same quarter last year, the business posted $0.29 earnings per share. The firm’s revenue was up 26.9% on a year-over-year basis.
Several analysts recently issued reports on the company. Deutsche Bank increased their target price on Wix.Com from $135.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Oppenheimer raised their price target on Wix.Com from $122.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Citigroup raised their price target on Wix.Com from $125.00 to $155.00 and gave the company a “buy” rating in a report on Friday, May 17th. Northland Securities set a $160.00 price target on Wix.Com and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, BidaskClub cut Wix.Com from a “hold” rating to a “sell” rating in a report on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $136.39.
Shares of NASDAQ:WIX traded down $2.59 during trading on Friday, hitting $123.81. 311,905 shares of the company’s stock were exchanged, compared to its average volume of 620,566. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.93 and a quick ratio of 1.93. Wix.Com has a 52-week low of $80.20 and a 52-week high of $155.75. The business’s 50-day simple moving average is $143.90 and its 200 day simple moving average is $134.18. The company has a market cap of $6.17 billion, a price-to-earnings ratio of -281.39 and a beta of 1.55.
Several large investors have recently bought and sold shares of WIX. Geode Capital Management LLC lifted its stake in shares of Wix.Com by 377.0% in the 4th quarter. Geode Capital Management LLC now owns 176,387 shares of the information services provider’s stock valued at $15,906,000 after purchasing an additional 139,411 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Wix.Com by 20.9% in the 1st quarter. Quadrant Capital Group LLC now owns 463 shares of the information services provider’s stock valued at $54,000 after purchasing an additional 80 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in shares of Wix.Com in the 1st quarter valued at approximately $242,000. Cavalier Investments LLC bought a new stake in shares of Wix.Com in the 1st quarter valued at approximately $375,000. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in shares of Wix.Com by 4.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 3,860 shares of the information services provider’s stock valued at $466,000 after purchasing an additional 149 shares during the last quarter. 84.12% of the stock is owned by institutional investors and hedge funds.
Wix.Com Company Profile
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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