Wix.Com Ltd (NASDAQ:WIX) Expected to Post Earnings of $0.29 Per Share

Analysts expect that Wix.Com Ltd (NASDAQ:WIX) will report earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Wix.Com’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.41. Wix.Com posted earnings of $0.42 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 31%. The company is expected to issue its next earnings report on Wednesday, February 19th.

On average, analysts expect that Wix.Com will report full-year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.84 to $1.15. For the next fiscal year, analysts anticipate that the business will post earnings of $1.37 per share, with EPS estimates ranging from $0.86 to $1.73. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Wix.Com.

Wix.Com (NASDAQ:WIX) last announced its earnings results on Thursday, November 14th. The information services provider reported $0.41 EPS for the quarter, topping the consensus estimate of ($0.34) by $0.75. The business had revenue of $196.79 million for the quarter, compared to the consensus estimate of $197.70 million. Wix.Com had a negative return on equity of 24.02% and a negative net margin of 9.80%. Wix.Com’s revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS.

Several research analysts have recently commented on WIX shares. SunTrust Banks reissued a “buy” rating and issued a $168.00 target price on shares of Wix.Com in a report on Friday, September 27th. Deutsche Bank reduced their target price on Wix.Com from $172.00 to $140.00 and set an “average” rating on the stock in a report on Monday. Rosenblatt Securities reissued a “sell” rating and issued a $93.00 target price on shares of Wix.Com in a report on Thursday, November 14th. Royal Bank of Canada reduced their target price on Wix.Com from $166.00 to $161.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Barclays reduced their target price on Wix.Com from $150.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $142.64.

Shares of WIX traded up $0.33 on Friday, hitting $126.96. The company’s stock had a trading volume of 20,720 shares, compared to its average volume of 555,410. The company has a market capitalization of $6.50 billion, a PE ratio of -291.02 and a beta of 1.51. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.95 and a quick ratio of 1.95. Wix.Com has a fifty-two week low of $80.20 and a fifty-two week high of $155.75. The company has a 50 day moving average price of $123.61 and a 200 day moving average price of $135.91.

A number of hedge funds have recently bought and sold shares of the stock. Flinton Capital Management LLC raised its position in Wix.Com by 29.4% in the 2nd quarter. Flinton Capital Management LLC now owns 352 shares of the information services provider’s stock worth $50,000 after purchasing an additional 80 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Wix.Com by 0.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,827 shares of the information services provider’s stock worth $1,614,000 after purchasing an additional 95 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Wix.Com by 29.4% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 484 shares of the information services provider’s stock valued at $69,000 after acquiring an additional 110 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Wix.Com by 4.2% during the 3rd quarter. CIBC Asset Management Inc now owns 2,927 shares of the information services provider’s stock valued at $342,000 after acquiring an additional 117 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Wix.Com by 1.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the information services provider’s stock valued at $806,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 82.82% of the company’s stock.

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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