Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
IsraelIPO:
06 November 2013Website:
http://www.wix.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/APrice
pre-market | 25 min agoDividend
Analysts recommendations
Institutional Ownership
WIX Latest News
Wix's stock has surged 60% YTD, driven by strong ARPS growth and operating leverage. I am assigning a new price target of $254, indicating a 21% upside. The company's Q3 FY24 revenue and earnings grew 13% and 52% YoY respectively, as user monetization remained robust with ongoing AI innovations in Wix Studio and the user onboarding process. Specifically, Wix's Partners business saw 30% YoY growth, fueled by higher-priced Studio subscriptions and deeper adoption of Business Solutions, particularly Wix Payments.
Wix.com Ltd. (NASDAQ:WIX ) Q3 2024 Earnings Conference Call November 20, 2024 8:30 AM ET Company Participants Emily Liu - IR Avishai Abrahami - CEO and Co-Founder Nir Zohar - President and COO Lior Shemesh - CFO Conference Call Participants Trevor Young - Barclays Ygal Arounian - Citigroup Andrew Boone - JMP Securities Ken Wong - Oppenheimer & Company Elizabeth Porter - Morgan Stanley Bernie McTernan - Needham & Company Robert Coolbrith - Evercore ISI Clarke Jeffries - Piper Sandler Operator Good day and thank you for standing by.
Although the revenue and EPS for Wix.com (WIX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Wix.com (WIX) came out with quarterly earnings of $1.50 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.10 per share a year ago.
Strong performance of key product initiatives drove third consecutive quarter of bookings growth acceleration – now expect to exit 2024 with y/y bookings growth of 18%
The new offering generates dynamic and custom visual sitemaps and wireframe options, providing more efficient ways for agencies to plan, structure, and build their websites
Get a deeper insight into the potential performance of Wix.com (WIX) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
The report highlights how agencies can embrace storytelling to showcase innovation, differentiate themselves, and integrate new technologies
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Wix.com (WIX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
What type of business is Wix?
Wix.com Ltd., together with its subsidiaries, operates as a cloud-based web development platform for registered users and creators worldwide. The company offers Wix Editor, a drag-and-drop visual development and website editing environment platform; and Wix ADI that enables users to have the freedom of customization that the classic editor offers. It also provides Wix Logo Maker that generates a logo, including through the use of artificial intelligence; Wix Answers to support users; and Payments by Wix, a payment platform, which helps its users receive payments from their customers through their Wix Website. In addition, the company offers various vertical-specific applications that business owners use to operate various aspects of their business online. Further, it provides a range of complementary services, including Wix App Market, a marketplace that offers its registered users various free and paid web applications for building, growing, and managing their businesses; Wix marketplace that brings users seeking help in creating and managing a website together with Web experts; and Wix owner App, a native mobile application, which enables users to manage their Websites and Wix operating systems. The company was formerly known as Wixpress Ltd. The company was incorporated in 2006 and is headquartered in Tel Aviv, Israel.
What sector is Wix in?
Wix is in the Technology sector
What industry is Wix in?
Wix is in the Software Infrastructure industry
What country is Wix from?
Wix is headquartered in Israel
When did Wix go public?
Wix initial public offering (IPO) was on 06 November 2013
What is Wix website?
https://www.wix.com
Is Wix in the S&P 500?
No, Wix is not included in the S&P 500 index
Is Wix in the NASDAQ 100?
No, Wix is not included in the NASDAQ 100 index
Is Wix in the Dow Jones?
No, Wix is not included in the Dow Jones index
When was Wix the previous earnings report?
No data
When does Wix earnings report?
Next earnings report date is not announced yet