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Wix.com (WIX) Outperforms Broader Market: What You Need to Know
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Wix.com (WIX - Free Report) closed the most recent trading day at $161.21, moving +1.59% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 1.19%, and the technology-dominated Nasdaq saw an increase of 1.43%.
Heading into today, shares of the cloud-based web development company had gained 4.91% over the past month, lagging the Computer and Technology sector's gain of 5.67% and outpacing the S&P 500's gain of 3.92%.
Market participants will be closely following the financial results of Wix.com in its upcoming release. In that report, analysts expect Wix.com to post earnings of $1.79 per share. This would mark year-over-year growth of 7.19%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $487.58 million, up 11.89% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.27 per share and a revenue of $1.98 billion, representing changes of +13.77% and +12.7%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Wixcom. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Wix.com presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Wix.com is currently trading at a Forward P/E ratio of 21.83. Its industry sports an average Forward P/E of 21.07, so one might conclude that Wix.com is trading at a premium comparatively.
Investors should also note that WIX has a PEG ratio of 1.06 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computers - IT Services industry had an average PEG ratio of 2.08 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 77, positioning it in the top 32% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Wix.com (WIX) Outperforms Broader Market: What You Need to Know
Wix.com (WIX - Free Report) closed the most recent trading day at $161.21, moving +1.59% from the previous trading session. The stock outpaced the S&P 500's daily gain of 1.11%. Meanwhile, the Dow experienced a rise of 1.19%, and the technology-dominated Nasdaq saw an increase of 1.43%.
Heading into today, shares of the cloud-based web development company had gained 4.91% over the past month, lagging the Computer and Technology sector's gain of 5.67% and outpacing the S&P 500's gain of 3.92%.
Market participants will be closely following the financial results of Wix.com in its upcoming release. In that report, analysts expect Wix.com to post earnings of $1.79 per share. This would mark year-over-year growth of 7.19%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $487.58 million, up 11.89% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.27 per share and a revenue of $1.98 billion, representing changes of +13.77% and +12.7%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Wixcom. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Wix.com presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Wix.com is currently trading at a Forward P/E ratio of 21.83. Its industry sports an average Forward P/E of 21.07, so one might conclude that Wix.com is trading at a premium comparatively.
Investors should also note that WIX has a PEG ratio of 1.06 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computers - IT Services industry had an average PEG ratio of 2.08 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 77, positioning it in the top 32% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.