Wix.Com (WIX) Set to Announce Earnings on Wednesday

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Wix.Com (NASDAQ:WIX) is scheduled to be releasing its earnings data before the market opens on Wednesday, July 24th. Analysts expect Wix.Com to post earnings of ($0.38) per share for the quarter. Wix.Com has set its FY 2019 guidance at EPS and its Q2 2019 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Wix.Com (NASDAQ:WIX) last issued its quarterly earnings results on Thursday, May 16th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.30. The firm had revenue of $174.29 million during the quarter, compared to analyst estimates of $172.98 million. Wix.Com had a negative return on equity of 19.47% and a negative net margin of 7.51%. The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same period last year, the company posted ($0.06) EPS. On average, analysts expect Wix.Com to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of NASDAQ WIX opened at $145.52 on Tuesday. The firm’s fifty day moving average price is $143.63. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 2.17. The company has a market cap of $7.27 billion, a price-to-earnings ratio of -330.73 and a beta of 1.53. Wix.Com has a 1 year low of $80.20 and a 1 year high of $149.59.

A number of equities analysts have issued reports on WIX shares. Macquarie increased their price target on Shopify to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, March 27th. ValuEngine lowered Zymeworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 18th. Wedbush reaffirmed an “underperform” rating on shares of Wipro in a research note on Wednesday, July 17th. KeyCorp increased their price target on Zynga from $5.00 to $6.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Finally, BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $126.14.

About Wix.Com

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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Earnings History for Wix.Com (NASDAQ:WIX)

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