Wix.com (WIX - Free Report) closed at $143.61 in the latest trading session, marking a +0.82% move from the prior day. This move outpaced the S&P 500's daily loss of 0.2%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.38%.
Prior to today's trading, shares of the cloud-based web development company had gained 3.59% over the past month. This has outpaced the Computer and Technology sector's loss of 1.9% and the S&P 500's gain of 0.33% in that time.
Wall Street will be looking for positivity from WIX as it approaches its next earnings report date. The company is expected to report EPS of $0.17, down 41.38% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $183.78 million, up 25.77% from the prior-year quarter.
WIX's full-year Zacks Consensus Estimates are calling for earnings of $0.83 per share and revenue of $761.91 million. These results would represent year-over-year changes of -22.43% and +26.21%, respectively.
Investors might also notice 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 holding a Zacks Rank of #5 (Strong Sell) right now.
In terms of valuation, WIX is currently trading at a Forward P/E ratio of 172.45. For comparison, its industry has an average Forward P/E of 19.8, which means WIX is trading at a premium to the group.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 26% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.