Wall Street analysts predict that Wix.com Ltd. (NASDAQ:WIX) will announce sales of $314.83 million for the current quarter, according to Zacks. Nine analysts have made estimates for Wix.com’s earnings, with the highest sales estimate coming in at $317.47 million and the lowest estimate coming in at $312.50 million. Wix.com posted sales of $254.18 million in the same quarter last year, which suggests a positive year over year growth rate of 23.9%. The company is expected to issue its next earnings results on Thursday, November 11th.
On average, analysts expect that Wix.com will report full-year sales of $1.27 billion for the current financial year, with estimates ranging from $1.26 billion to $1.30 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.55 billion, with estimates ranging from $1.47 billion to $1.62 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Wix.com.
Wix.com (NASDAQ:WIX) last released its earnings results on Wednesday, August 11th. The information services provider reported ($0.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.02) by $0.74. Wix.com had a negative return on equity of 86.14% and a negative net margin of 17.58%.
Several institutional investors have recently made changes to their positions in WIX. Flossbach Von Storch AG boosted its holdings in shares of Wix.com by 149.0% in the 2nd quarter. Flossbach Von Storch AG now owns 3,141,349 shares of the information services provider’s stock worth $911,871,000 after purchasing an additional 1,879,849 shares during the period. BlackRock Inc. lifted its stake in shares of Wix.com by 35.3% during the 2nd quarter. BlackRock Inc. now owns 5,983,471 shares of the information services provider’s stock worth $1,736,882,000 after acquiring an additional 1,560,934 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Wix.com by 244.1% during the 1st quarter. Jennison Associates LLC now owns 1,448,141 shares of the information services provider’s stock worth $404,350,000 after acquiring an additional 1,027,321 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Wix.com by 228.4% during the 1st quarter. Janus Henderson Group PLC now owns 937,551 shares of the information services provider’s stock worth $261,784,000 after acquiring an additional 652,031 shares during the last quarter. Finally, Marcho Partners LLP bought a new stake in shares of Wix.com during the 2nd quarter worth approximately $152,806,000. Hedge funds and other institutional investors own 91.39% of the company’s stock.
WIX stock traded down $2.26 during mid-day trading on Friday, reaching $212.52. 11,230 shares of the company traded hands, compared to its average volume of 742,802. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $11.91 billion, a P/E ratio of -57.03 and a beta of 1.35. Wix.com has a 52-week low of $196.19 and a 52-week high of $362.07. The company has a fifty day moving average price of $254.65 and a 200-day moving average price of $274.31.
Wix.com Ltd. operates a cloud-based website design and development platform. It offers web templates, web editor, web builder, search engine optimization tools, logo maker, web hosting, and electronic mail marketing services. The company was founded by Avishai Abrahami, Nadav Abrahami, and Giora Kaplan on October 5, 2006 and is headquartered in Tel Aviv, Israel.
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