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Wix.com (WIX) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest trading session, Wix.com (WIX - Free Report) closed at $41.72, marking a -2.07% move from the previous day. This change lagged the S&P 500's 0.01% loss on the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
Shares of the cloud-based web development company witnessed a loss of 20.31% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.57%, and the S&P 500's loss of 1.4%.
Investors will be eagerly watching for the performance of Wix.com in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.19, indicating a 47.81% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $557.09 million, indicating a 13.71% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.58 per share and revenue of $2.26 billion, which would represent changes of -37.43% and +13.53%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Wixcom. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 40.37% higher. Wix.com presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Wix.com is presently trading at a Forward P/E ratio of 9.31. Its industry sports an average Forward P/E of 12.65, so one might conclude that Wix.com is trading at a discount comparatively.
Also, we should mention that WIX has a PEG ratio of 0.59. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Computers - IT Services industry held an average PEG ratio of 1.11.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.
View the Zacks #1 Rank List
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Wix.com (WIX) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, Wix.com (WIX - Free Report) closed at $41.72, marking a -2.07% move from the previous day. This change lagged the S&P 500's 0.01% loss on the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
Shares of the cloud-based web development company witnessed a loss of 20.31% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.57%, and the S&P 500's loss of 1.4%.
Investors will be eagerly watching for the performance of Wix.com in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.19, indicating a 47.81% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $557.09 million, indicating a 13.71% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.58 per share and revenue of $2.26 billion, which would represent changes of -37.43% and +13.53%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Wixcom. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 40.37% higher. Wix.com presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Wix.com is presently trading at a Forward P/E ratio of 9.31. Its industry sports an average Forward P/E of 12.65, so one might conclude that Wix.com is trading at a discount comparatively.
Also, we should mention that WIX has a PEG ratio of 0.59. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Computers - IT Services industry held an average PEG ratio of 1.11.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.