We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wix.com (WIX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
Wix.com (WIX - Free Report) reported $389.98 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 13%. EPS of $1.26 for the same period compares to -$0.14 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $381.85 million, representing a surprise of +2.13%. The company delivered an EPS surprise of +133.33%, with the consensus EPS estimate being $0.54.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wix.com performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Collections (Bookings): $398.50 million versus $392.23 million estimated by five analysts on average.
Creative Subscriptions ARR: $1159744 thousand versus $1155450 thousand estimated by five analysts on average.
Total Bookings - Creative Subscription: $293.93 million versus $286.86 million estimated by three analysts on average.
Total Bookings - Business Solutions: $104.57 million versus $100.97 million estimated by three analysts on average.
Revenues- Business Solutions: $102.89 million compared to the $97.20 million average estimate based on eight analysts.
Revenues- Creative Subscription: $287.09 million compared to the $284.69 million average estimate based on eight analysts.
Non-GAAP Gross Profit- Business Solutions: $28.81 million versus $25.98 million estimated by six analysts on average.
Non-GAAP Gross Profit- Creative Subscriptions: $237.60 million compared to the $228.67 million average estimate based on six analysts.
Shares of Wix.com have returned +13.6% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wix.com (WIX) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Wix.com (WIX - Free Report) reported $389.98 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 13%. EPS of $1.26 for the same period compares to -$0.14 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $381.85 million, representing a surprise of +2.13%. The company delivered an EPS surprise of +133.33%, with the consensus EPS estimate being $0.54.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wix.com performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Collections (Bookings): $398.50 million versus $392.23 million estimated by five analysts on average.
- Creative Subscriptions ARR: $1159744 thousand versus $1155450 thousand estimated by five analysts on average.
- Total Bookings - Creative Subscription: $293.93 million versus $286.86 million estimated by three analysts on average.
- Total Bookings - Business Solutions: $104.57 million versus $100.97 million estimated by three analysts on average.
- Revenues- Business Solutions: $102.89 million compared to the $97.20 million average estimate based on eight analysts.
- Revenues- Creative Subscription: $287.09 million compared to the $284.69 million average estimate based on eight analysts.
- Non-GAAP Gross Profit- Business Solutions: $28.81 million versus $25.98 million estimated by six analysts on average.
- Non-GAAP Gross Profit- Creative Subscriptions: $237.60 million compared to the $228.67 million average estimate based on six analysts.
View all Key Company Metrics for Wix.com here>>>Shares of Wix.com have returned +13.6% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.