Wall Street analysts rerated Wix.com Ltd WIX after the company reported its fourth-quarter results Wednesday amid an exciting earnings season.
Wix.com Ltd.'s stock has surged by over 130% since our coverage in February 2023. However, a mixed reaction to its Q4 earnings warrants attention. Bookings remain steady and the Rule of 40 has been breached, acting as key value drivers for Wix's stock. A telling market share and compelling industry growth provide systematic tailwinds. Moreover, Wix's debt-to-equity improvement and bottom-line earnings growth suggest fundamental value creation.
Wix.com Ltd. (Wix) Q4 2024 Earnings Conference Call February 19, 2025 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 Ygal Arounian - Citigroup Elizabeth Porter - Morgan Stanley Deepak Mathivanan - Cantor Fitzgerald Josh Beck - Raymond James Andrew Boone - Citizens JMP Securities 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 December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
WIX's Q4 2024 performance is driven by steady growth across the Creative Subscriptions and Business Solutions segments along with bookings momentum.
On Wednesday, SaaS website builder platform Wix.com Ltd WIX reported its fiscal fourth-quarter 2024 results. Revenue grew 14% year over year to $460.46 million, marginally missing the analyst consensus estimate of $461.75 million.
Cloud-based web development platform specialist Wix.com (WIX 1.82%) reported mixed fourth-quarter 2024 earnings on Wednesday, Feb. 19. Adjusted EPS of $1.93 easily beat the consensus analyst estimate of $1.59, but Q4 revenue of $460.5 million fell just shy of the $461 million forecast.
Wix.com (WIX) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.22 per share a year ago.
Website builder Wix.com beat fourth-quarter net profit expectations on Wednesday boosted by price hikes and by its artificial intelligence and Studio products for designing advanced websites, while forecasting revenue of up to $2 billion in 2025.
WIX's Q4 performance is likely to have gained from a robust product portfolio amid macro uncertainty and foreign currency fluctuations.
Evaluate the expected performance of Wix.com (WIX) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Wix.com (WIX) closed at $230.78 in the latest trading session, marking a +1.48% move from the prior day.