Wall Street analysts expect that Wix.Com Ltd (NASDAQ:WIX) will report sales of $217.44 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Wix.Com’s earnings. The highest sales estimate is $217.90 million and the lowest is $216.30 million. Wix.Com posted sales of $174.29 million during the same quarter last year, which would indicate a positive year over year growth rate of 24.8%. The firm is expected to issue its next earnings results on Thursday, May 21st.
On average, analysts expect that Wix.Com will report full year sales of $951.26 million for the current fiscal year, with estimates ranging from $943.38 million to $958.00 million. For the next fiscal year, analysts expect that the business will report sales of $1.17 billion, with estimates ranging from $1.14 billion to $1.21 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Wix.Com.
Wix.Com (NASDAQ:WIX) last announced its quarterly earnings results on Thursday, February 20th. The information services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.66. Wix.Com had a negative net margin of 9.80% and a negative return on equity of 24.02%. The firm had revenue of $204.60 million for the quarter, compared to the consensus estimate of $205.63 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The company’s revenue for the quarter was up 24.6% on a year-over-year basis.
Hedge funds have recently bought and sold shares of the stock. Evoke Wealth LLC bought a new position in shares of Wix.Com in the third quarter worth approximately $299,000. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV bought a new position in Wix.Com during the fourth quarter valued at approximately $29,983,000. Allred Capital Management LLC bought a new position in Wix.Com during the fourth quarter valued at approximately $30,000. Massachusetts Financial Services Co. MA grew its position in Wix.Com by 80.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,474,817 shares of the information services provider’s stock valued at $172,169,000 after acquiring an additional 659,367 shares during the last quarter. Finally, Vista Equity Partners Management LLC grew its position in Wix.Com by 260.8% during the third quarter. Vista Equity Partners Management LLC now owns 260,804 shares of the information services provider’s stock valued at $30,446,000 after acquiring an additional 188,529 shares during the last quarter. Institutional investors own 86.98% of the company’s stock.
Shares of Wix.Com stock traded down $4.37 on Friday, reaching $137.31. The stock had a trading volume of 1,494,800 shares, compared to its average volume of 590,429. Wix.Com has a 1 year low of $104.61 and a 1 year high of $156.40. The company 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 current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.78. The business’s 50 day moving average is $141.97 and its two-hundred day moving average is $130.98.
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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