Wix.com (WIX - Free Report) closed the most recent trading day at $141.96, moving +0.72% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.61%. At the same time, the Dow added 0.71%, and the tech-heavy Nasdaq gained 0.53%.
Heading into today, shares of the cloud-based web development company had gained 0.17% over the past month, outpacing the Computer and Technology sector's loss of 8.25% and the S&P 500's loss of 3.77% in that time.
Wall Street will be looking for positivity from WIX as it approaches its next earnings report date. In that report, analysts expect WIX to post earnings of $0.17 per share. This would mark a year-over-year decline of 41.38%. Meanwhile, our latest consensus estimate is calling for revenue of $183.78 million, up 25.77% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.83 per share and revenue of $761.91 million, which would represent changes of -22.43% and +26.21%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for WIX. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate has moved 172.54% lower within the past month. WIX is currently a Zacks Rank #5 (Strong Sell).
Investors should also note WIX's current valuation metrics, including its Forward P/E ratio of 170.63. This represents a premium compared to its industry's average Forward P/E of 19.07.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.