Wall Street brokerages predict that Wix.Com Ltd (NASDAQ:WIX) will post $0.27 earnings per share for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Wix.Com’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.12. Wix.Com posted earnings of $0.42 per share in the same quarter last year, which indicates a negative year over year growth rate of 35.7%. The firm is expected to announce its next earnings report on Wednesday, February 19th.
On average, analysts expect that Wix.Com will report full year earnings of $1.06 per share for the current fiscal year, with EPS estimates ranging from $0.89 to $1.18. For the next year, analysts anticipate that the company will report earnings of $1.22 per share, with EPS estimates ranging from $0.76 to $1.62. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Wix.Com.
Wix.Com (NASDAQ:WIX) last issued its earnings results on Thursday, November 14th. The information services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.75. Wix.Com had a negative return on equity of 24.02% and a negative net margin of 9.80%. The company had revenue of $196.79 million for the quarter, compared to analyst estimates of $197.70 million. During the same period in the prior year, the firm earned $0.39 earnings per share. Wix.Com’s revenue for the quarter was up 26.5% on a year-over-year basis.
WIX has been the subject of several recent research reports. Deutsche Bank decreased their price target on Wix.Com from $172.00 to $140.00 and set an “average” rating for the company in a report on Monday, November 18th. SunTrust Banks reiterated a “buy” rating and set a $168.00 price target on shares of Wix.Com in a report on Friday, September 27th. ValuEngine downgraded Wix.Com from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 2nd. Northland Securities initiated coverage on Wix.Com in a report on Friday, November 15th. They set a “buy” rating and a $160.00 price target for the company. Finally, Royal Bank of Canada decreased their price target on Wix.Com from $166.00 to $161.00 and set an “outperform” rating for the company in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $141.93.
Wix.Com stock traded up $0.04 during trading on Friday, hitting $119.08. 403,108 shares of the company were exchanged, compared to its average volume of 556,321. The business’s 50 day moving average is $123.64 and its 200 day moving average is $133.72. Wix.Com has a 52 week low of $80.20 and a 52 week high of $155.75. The company has a market capitalization of $5.94 billion, a P/E ratio of -270.64 and a beta of 1.43. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.78.
A number of large investors have recently made changes to their positions in the business. Flinton Capital Management LLC grew its stake in Wix.Com by 29.4% in the 2nd quarter. Flinton Capital Management LLC now owns 352 shares of the information services provider’s stock valued at $50,000 after purchasing an additional 80 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Wix.Com by 0.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,827 shares of the information services provider’s stock valued at $1,614,000 after purchasing an additional 95 shares during the period. Meadow Creek Investment Management LLC grew its stake in Wix.Com by 29.4% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 484 shares of the information services provider’s stock valued at $69,000 after purchasing an additional 110 shares during the period. CIBC Asset Management Inc grew its stake in Wix.Com by 4.2% in the 3rd quarter. CIBC Asset Management Inc now owns 2,927 shares of the information services provider’s stock valued at $342,000 after purchasing an additional 117 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Wix.Com by 1.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the information services provider’s stock valued at $806,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 84.97% of the company’s stock.
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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