Zacks: Analysts Anticipate Wix.com Ltd. (WIX) Will Post Earnings of $0.19 Per Share
Analysts expect Wix.com Ltd. (NASDAQ:WIX) to announce earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Wix.com’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.28. Wix.com reported earnings of $0.06 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 216.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Wix.com will report full-year earnings of $0.15 per share for the current year, with EPS estimates ranging from ($0.05) to $0.29. For the next fiscal year, analysts forecast that the company will report earnings of $0.86 per share, with EPS estimates ranging from $0.43 to $1.13. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Wix.com.
Several equities analysts have commented on WIX shares. Barclays PLC reissued a “buy” rating and issued a $77.00 target price on shares of Wix.com in a report on Wednesday, August 2nd. KeyCorp reaffirmed an “overweight” rating on shares of Wix.com in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of Wix.com from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised shares of Wix.com from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Jefferies Group LLC initiated coverage on shares of Wix.com in a report on Thursday, August 24th. They set a “buy” rating and a $74.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$77.93.
Wix.com (NASDAQ WIX) opened at C$55.65 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.28. Wix.com has a 1-year low of C$42.80 and a 1-year high of C$86.15.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Analyst IMS Investment Management Services Ltd. grew its holdings in Wix.com by 18.0% during the 3rd quarter. Analyst IMS Investment Management Services Ltd. now owns 118,295 shares of the company’s stock worth $8,329,000 after acquiring an additional 18,071 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Wix.com by 16.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,705 shares of the company’s stock worth $615,000 after acquiring an additional 1,234 shares during the last quarter. Legal & General Group Plc grew its holdings in Wix.com by 51.4% during the 3rd quarter. Legal & General Group Plc now owns 5,600 shares of the company’s stock worth $402,000 after acquiring an additional 1,900 shares during the last quarter. TD Asset Management Inc. bought a new stake in Wix.com during the 3rd quarter worth approximately $714,000. Finally, Oppenheimer & Co. Inc. grew its holdings in Wix.com by 43.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,226 shares of the company’s stock worth $591,000 after acquiring an additional 2,492 shares during the last quarter. 72.61% of the stock is currently owned by hedge funds and other institutional investors.
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Wix.com Ltd. (Wix) is a Web development platform enabling businesses and organizations to take businesses, brands and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments.
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