$161.81 Million in Sales Expected for Wix.Com Ltd (WIX) This Quarter
Equities analysts predict that Wix.Com Ltd (NASDAQ:WIX) will announce $161.81 million in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Wix.Com’s earnings, with the lowest sales estimate coming in at $161.48 million and the highest estimate coming in at $162.24 million. Wix.Com reported sales of $118.55 million during the same quarter last year, which suggests a positive year over year growth rate of 36.5%. The business is scheduled to announce its next earnings report on Wednesday, February 13th.
On average, analysts expect that Wix.Com will report full year sales of $600.43 million for the current financial year, with estimates ranging from $598.00 million to $602.20 million. For the next fiscal year, analysts anticipate that the company will post sales of $759.83 million, with estimates ranging from $745.35 million to $771.11 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Wix.Com.
Wix.Com (NASDAQ:WIX) last announced its quarterly earnings results on Tuesday, November 13th. The information services provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.49. Wix.Com had a negative return on equity of 104.11% and a negative net margin of 9.07%. The business had revenue of $155.60 million during the quarter, compared to the consensus estimate of $152.78 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. Wix.Com’s revenue was up 40.2% compared to the same quarter last year.
Shares of Wix.Com stock opened at $94.99 on Friday. The firm has a market cap of $4.15 billion, a P/E ratio of -94.99 and a beta of 1.82. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 2.76. Wix.Com has a 12-month low of $50.90 and a 12-month high of $121.45.
Hedge funds have recently bought and sold shares of the company. Symmetry Peak Management LLC lifted its holdings in Wix.Com by 270.0% during the 3rd quarter. Symmetry Peak Management LLC now owns 18,500 shares of the information services provider’s stock worth $2,214,000 after purchasing an additional 13,500 shares in the last quarter. Sylebra HK Co Ltd purchased a new stake in Wix.Com during the 3rd quarter worth about $29,969,000. Caxton Associates LP purchased a new stake in Wix.Com during the 3rd quarter worth about $240,000. Vident Investment Advisory LLC purchased a new stake in Wix.Com during the 3rd quarter worth about $667,000. Finally, SQN Investors LP lifted its holdings in Wix.Com by 3.5% during the 3rd quarter. SQN Investors LP now owns 621,209 shares of the information services provider’s stock worth $74,359,000 after purchasing an additional 21,275 shares in the last quarter. Institutional investors own 88.35% of the company’s stock.
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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