Wix.Com (NASDAQ:WIX) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS
Wix.Com (NASDAQ:WIX) released its earnings results on Wednesday. The information services provider reported ($0.21) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.38) by $0.17, Morningstar.com reports. Wix.Com had a negative net margin of 8.70% and a negative return on equity of 21.60%. The company had revenue of $185.40 million for the quarter, compared to analyst estimates of $183.92 million. During the same quarter last year, the firm earned $0.29 EPS. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. Wix.Com updated its FY 2019 guidance to EPS and its Q3 2019 guidance to EPS.
Shares of WIX opened at $149.14 on Friday. The stock has a market cap of $7.25 billion, a PE ratio of -338.95 and a beta of 1.53. The company has a quick ratio of 2.01, a current ratio of 1.93 and a debt-to-equity ratio of 2.02. The firm’s fifty day moving average price is $144.39. Wix.Com has a twelve month low of $80.20 and a twelve month high of $155.75.
Several equities analysts recently commented on WIX shares. Citigroup set a $8.00 target price on shares of Diamond Offshore Drilling and gave the company a “sell” rating in a report on Friday, May 17th. Wedbush reduced their target price on shares of PTC from $100.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday. Oppenheimer increased their target price on shares of Wix.Com from $122.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, May 17th. ValuEngine lowered shares of Zymeworks from a “buy” rating to a “hold” rating in a report on Saturday, May 18th. Finally, Deutsche Bank set a €13.00 ($15.12) target price on shares of Aixtron and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Wix.Com currently has a consensus rating of “Buy” and an average target price of $135.06.
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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