Equities research analysts expect Wix.com (NASDAQ:WIX) to report earnings per share of ($0.08) for the current quarter, Zacks reports. Nine analysts have made estimates for Wix.com’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at ($0.16). Wix.com posted earnings of ($0.18) per share during the same quarter last year, which indicates a positive year over year growth rate of 55.6%. The business is expected to report its next quarterly earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that Wix.com will report full-year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.42 to $0.94. For the next financial year, analysts forecast that the firm will report earnings of $1.38 per share, with EPS estimates ranging from $1.00 to $1.82. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Wix.com.
Wix.com (NASDAQ:WIX) last posted its quarterly earnings data on Wednesday, February 14th. The information services provider reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.05. Wix.com had a negative return on equity of 1,376.12% and a negative net margin of 13.22%. The company had revenue of $118.60 million during the quarter, compared to analysts’ expectations of $116.86 million. During the same period in the prior year, the business earned $0.06 earnings per share. Wix.com’s revenue for the quarter was up 40.9% compared to the same quarter last year.
A number of research analysts recently commented on WIX shares. Raymond James Financial upgraded Wix.com from a “market perform” rating to a “strong-buy” rating and set a $74.00 target price for the company in a research note on Thursday, January 4th. SunTrust Banks restated a “buy” rating and issued a $71.00 target price on shares of Wix.com in a research note on Tuesday, February 13th. Zacks Investment Research upgraded Wix.com from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. Needham & Company LLC upped their target price on Wix.com from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Citigroup upped their target price on Wix.com from $69.00 to $78.00 and gave the company a “neutral” rating in a research note on Wednesday, February 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $82.67.
WIX opened at $85.60 on Friday. Wix.com has a 1-year low of $50.90 and a 1-year high of $87.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.88 and a current ratio of 0.88.
Institutional investors have recently added to or reduced their stakes in the business. ARK Investment Management LLC acquired a new position in Wix.com during the fourth quarter worth $215,000. Parametrica Management Ltd bought a new stake in shares of Wix.com during the fourth quarter worth $246,000. Koch Industries Inc. bought a new stake in shares of Wix.com during the fourth quarter worth $343,000. SG Americas Securities LLC grew its holdings in shares of Wix.com by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 6,661 shares of the information services provider’s stock worth $383,000 after purchasing an additional 859 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Wix.com by 51.4% during the third quarter. Legal & General Group Plc now owns 5,600 shares of the information services provider’s stock worth $402,000 after purchasing an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 79.83% of the company’s stock.
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Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.
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