-$0.02 EPS Expected for Wix.Com Ltd (NASDAQ:WIX) This Quarter

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Equities research analysts predict that Wix.Com Ltd (NASDAQ:WIX) will post earnings of ($0.02) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Wix.Com’s earnings. The highest EPS estimate is $0.11 and the lowest is ($0.16). Wix.Com reported earnings per share of $0.03 in the same quarter last year, which would suggest a negative year-over-year growth rate of 166.7%. The business is expected to announce its next earnings results on Thursday, May 21st.

On average, analysts expect that Wix.Com will report full year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $0.76 to $1.62. For the next financial year, analysts anticipate that the company will report earnings of $1.92 per share, with EPS estimates ranging from $1.24 to $2.52. Zacks’ EPS calculations are an average based on a survey of analysts that follow Wix.Com.

Wix.Com (NASDAQ:WIX) last announced its earnings results on Thursday, February 20th. The information services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.66. The firm had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $205.63 million. Wix.Com had a negative return on equity of 24.02% and a negative net margin of 9.80%. Wix.Com’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS.

A number of brokerages have commented on WIX. Guggenheim increased their target price on Wix.Com from $150.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. decreased their price objective on Wix.Com from $152.00 to $149.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Royal Bank of Canada decreased their price objective on Wix.Com from $161.00 to $159.00 and set an “outperform” rating on the stock in a report on Friday. Bank of America raised their price objective on Wix.Com from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, SunTrust Banks restated a “buy” rating and set a $170.00 price objective on shares of Wix.Com in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $150.07.

Several hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Wix.Com by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 215,776 shares of the information services provider’s stock worth $26,349,000 after purchasing an additional 11,626 shares during the last quarter. Phoenix Holdings Ltd. boosted its holdings in Wix.Com by 55.7% in the fourth quarter. Phoenix Holdings Ltd. now owns 99,859 shares of the information services provider’s stock valued at $12,136,000 after acquiring an additional 35,709 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Wix.Com in the fourth quarter valued at $147,000. Sylebra Capital Ltd boosted its holdings in Wix.Com by 10.1% in the fourth quarter. Sylebra Capital Ltd now owns 902,783 shares of the information services provider’s stock valued at $110,483,000 after acquiring an additional 82,647 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Wix.Com in the fourth quarter valued at $52,866,000. Institutional investors and hedge funds own 86.98% of the company’s stock.

NASDAQ:WIX traded down $4.37 during trading hours on Friday, reaching $137.31. 1,494,800 shares of the company traded hands, compared to its average volume of 590,429. The firm’s 50-day moving average is $141.97 and its 200-day moving average is $130.98. The stock has a market cap of $7.74 billion, a P/E ratio of -97.38 and a beta of 1.36. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.95 and a quick ratio of 1.95. Wix.Com has a 1-year low of $104.61 and a 1-year high of $156.40.

Wix.Com Company Profile

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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