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.
Why the Market Dipped But Wix.com (WIX) Gained Today
Read MoreHide Full Article
In the latest trading session, Wix.com (WIX - Free Report) closed at $77.11, marking a +2.06% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.64%. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 0.59%.
The cloud-based web development company's shares have seen a decrease of 15.55% over the last month, not keeping up with the Computer and Technology sector's gain of 13.17% and the S&P 500's gain of 9.33%.
The upcoming earnings release of Wix.com will be of great interest to investors. The company is expected to report EPS of $1.27, down 18.06% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $543.79 million, indicating a 14.81% increase compared to the same quarter of the previous year.
WIX's full-year Zacks Consensus Estimates are calling for earnings of $6.21 per share and revenue of $2.29 billion. These results would represent year-over-year changes of -15.16% and +14.8%, respectively.
It is also important to note the recent changes to analyst estimates for Wixcom. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.87% lower. Wix.com is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Wix.com is presently trading at a Forward P/E ratio of 12.18. This represents a discount compared to its industry average Forward P/E of 13.12.
Meanwhile, WIX's PEG ratio is currently 0.58. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.16 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 33% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Why the Market Dipped But Wix.com (WIX) Gained Today
In the latest trading session, Wix.com (WIX - Free Report) closed at $77.11, marking a +2.06% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.64%. At the same time, the Dow lost 0.59%, and the tech-heavy Nasdaq lost 0.59%.
The cloud-based web development company's shares have seen a decrease of 15.55% over the last month, not keeping up with the Computer and Technology sector's gain of 13.17% and the S&P 500's gain of 9.33%.
The upcoming earnings release of Wix.com will be of great interest to investors. The company is expected to report EPS of $1.27, down 18.06% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $543.79 million, indicating a 14.81% increase compared to the same quarter of the previous year.
WIX's full-year Zacks Consensus Estimates are calling for earnings of $6.21 per share and revenue of $2.29 billion. These results would represent year-over-year changes of -15.16% and +14.8%, respectively.
It is also important to note the recent changes to analyst estimates for Wixcom. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.87% lower. Wix.com is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Wix.com is presently trading at a Forward P/E ratio of 12.18. This represents a discount compared to its industry average Forward P/E of 13.12.
Meanwhile, WIX's PEG ratio is currently 0.58. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.16 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 33% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.