We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Increases Yet Falls Behind Market: What Investors Need to Know
Read MoreHide Full Article
The most recent trading session ended with Wix.com (WIX - Free Report) standing at $166.35, reflecting a +0.68% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.74% for the day. At the same time, the Dow added 0.05%, and the tech-heavy Nasdaq gained 1.26%.
Prior to today's trading, shares of the cloud-based web development company had lost 4.97% over the past month. This has was narrower than the Computer and Technology sector's loss of 6.23% and lagged the S&P 500's loss of 4.77% in that time.
The upcoming earnings release of Wix.com will be of great interest to investors. On that day, Wix.com is projected to report earnings of $1.66 per share, which would represent year-over-year growth of 28.68%. At the same time, our most recent consensus estimate is projecting a revenue of $472 million, reflecting a 12.44% rise from the equivalent quarter last year.
WIX's full-year Zacks Consensus Estimates are calling for earnings of $7.53 per share and revenue of $1.98 billion. These results would represent year-over-year changes of +17.84% and +12.5%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Wix.com. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.47% lower. At present, Wix.com boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Wix.com is currently being traded at a Forward P/E ratio of 21.95. This valuation marks a premium compared to its industry's average Forward P/E of 16.68.
Meanwhile, WIX's PEG ratio is currently 1.11. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Computers - IT Services industry was having an average PEG ratio of 1.88.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 80, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WIX in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wix.com (WIX) Increases Yet Falls Behind Market: What Investors Need to Know
The most recent trading session ended with Wix.com (WIX - Free Report) standing at $166.35, reflecting a +0.68% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.74% for the day. At the same time, the Dow added 0.05%, and the tech-heavy Nasdaq gained 1.26%.
Prior to today's trading, shares of the cloud-based web development company had lost 4.97% over the past month. This has was narrower than the Computer and Technology sector's loss of 6.23% and lagged the S&P 500's loss of 4.77% in that time.
The upcoming earnings release of Wix.com will be of great interest to investors. On that day, Wix.com is projected to report earnings of $1.66 per share, which would represent year-over-year growth of 28.68%. At the same time, our most recent consensus estimate is projecting a revenue of $472 million, reflecting a 12.44% rise from the equivalent quarter last year.
WIX's full-year Zacks Consensus Estimates are calling for earnings of $7.53 per share and revenue of $1.98 billion. These results would represent year-over-year changes of +17.84% and +12.5%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Wix.com. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.47% lower. At present, Wix.com boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Wix.com is currently being traded at a Forward P/E ratio of 21.95. This valuation marks a premium compared to its industry's average Forward P/E of 16.68.
Meanwhile, WIX's PEG ratio is currently 1.11. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Computers - IT Services industry was having an average PEG ratio of 1.88.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 80, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WIX in the coming trading sessions, be sure to utilize Zacks.com.