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Wix.com (WIX) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, Wix.com (WIX - Free Report) was up +1.69% at $73.35. The stock's change was more than the S&P 500's daily gain of 0.2%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.04%.
The cloud-based web development company's shares have seen a decrease of 16.8% over the last month, not keeping up with the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
The investment community will be paying close attention to the earnings performance of Wix.com in its upcoming release. It is anticipated that the company will report an EPS of $1.32, marking a 21.43% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $566.94 million, indicating a 12.22% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.28 per share and revenue of $2.26 billion, which would represent changes of -41.53% and +13.29%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Wixcom. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Wix.com holds a Zacks Rank of #3 (Hold).
In the context of valuation, Wix.com is at present trading with a Forward P/E ratio of 16.87. This denotes a premium relative to the industry average Forward P/E of 12.53.
Investors should also note that WIX has a PEG ratio of 1.91 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. WIX's industry had an average PEG ratio of 1.35 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 57, positioning it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, Wix.com (WIX - Free Report) was up +1.69% at $73.35. The stock's change was more than the S&P 500's daily gain of 0.2%. Meanwhile, the Dow experienced a rise of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.04%.
The cloud-based web development company's shares have seen a decrease of 16.8% over the last month, not keeping up with the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
The investment community will be paying close attention to the earnings performance of Wix.com in its upcoming release. It is anticipated that the company will report an EPS of $1.32, marking a 21.43% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $566.94 million, indicating a 12.22% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.28 per share and revenue of $2.26 billion, which would represent changes of -41.53% and +13.29%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Wixcom. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Wix.com holds a Zacks Rank of #3 (Hold).
In the context of valuation, Wix.com is at present trading with a Forward P/E ratio of 16.87. This denotes a premium relative to the industry average Forward P/E of 12.53.
Investors should also note that WIX has a PEG ratio of 1.91 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. WIX's industry had an average PEG ratio of 1.35 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 57, positioning it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.