Recently, Zacks.com users have been paying close attention to Wix.com (WIX). This makes it worthwhile to examine what the stock has in store.
WIX will aid Moneris in launching an omnichannel solution ??? Moneris Total Commerce?
Website development platform Wix.com Ltd. NASDAQ: WIX helps consumers and businesses create and develop websites in minutes and enable eCommerce transactions.
Wix.com Ltd. reported continued growth momentum in Q2, especially in Business Solutions revenues, also raising the 2024 financial guidance slightly. The focus on profitability through more focused marketing hasn't so far slowed growth, but has created space for great operating leverage, already well represented in recent quarters. Wix is still in constant competition against multiple peers, namely Shopify, creating the need for constant R&D investments and continued marketing to sustain growth.
Wix.com Ltd WIX reported non-GAAP diluted earnings per share (EPS) of $1.67 for second-quarter 2024, which exceeded the Zacks Consensus Estimate of $1.32. The company reported EPS of $1.26 in the year-ago quarter.
The headline numbers for Wix.com (WIX) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wix.com beat second-quarter net profit expectations on Wednesday boosted by price hikes and its artificial intelligence (AI) and Studio products for designing advanced websites.
Wix.com (WIX) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.26 per share a year ago.
WIX's Q2 performance is likely to have benefited from the adoption of AI product offerings as well as WIX Studio.
Beyond analysts' top -and-bottom-line estimates for Wix.com (WIX), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Wix.com (WIX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.