Wix.com (WIX) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.49%. A quarter ago, it was expected that this cloud-based web development company would post earnings of $0.77 per share when it actually produced earnings of $1.10, delivering a surprise of 42.86%.Over the last four qua ...

1 our expectations relating to the repurchase of our ordinary shares and/or Convertible Notes pursuant to our repurchase program; our expectation that we will effectively manage our infrastructure; our expectations regarding the outcome of any regulatory investigation or litigation, including class actions; our expectations regarding future changes in our cost of revenues and our operating expenses on an absolute basis and as a percentage of our revenues, as well as our ability to achieve and maintain profi ...

Outperformance of 2023 targets as well as anticipated acceleration of top-line growth and overachievement of 2024 targets in three-year plan underpin expectation to significantly surpass the Rule of 40 in 2025 Capped off a year of strong growth with total revenue of $404 million in the fourth quarter, up 14% y/y driven by continued growth acceleration in the Partners business Partners1 revenue totaled $130.1 million in Q4, up 38% y/y, as more Partners joined Wix, monetization continued to increase and Stu ...

This strategic partnership will provide Wix merchants with an advanced cross-border eCommerce solution, simplifying international payments, shipping, tax and complianceNEW YORK, Feb. 20, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform to create, manage, and grow a global digital presence1, today announced a strategic partnership with Global-e Online Ltd. (Nasdaq: GLBE), the global leader of Direct-To-Consumer cross border eCommerce enablement, to offer Wix merchant ...

SOPA Images/LightRocket via Getty Images Introduction & Investment Thesis Wix (NASDAQ:WIX) is a leading web development platform that had a fairly volatile year in 2023. However, it still managed to outperform the indices. With the stock up 5% YTD, I believe there is room for significant upside from current levels. The company beat both its top and bottom-line expectations in the Q3 FY23 earnings report, and at the same time, the management revised its revenue and earnings guidance upwards for Q4. With the ...

Wix.com (WIX) ended the recent trading session at $128.42, demonstrating a -0.91% swing from the preceding day's closing price. This change lagged the S&P 500's 0.58% gain on the day. Elsewhere, the Dow saw an upswing of 0.91%, while the tech-heavy Nasdaq appreciated by 0.3%.Coming into today, shares of the cloud-based web development company had gained 3.57% in the past month. In that same time, the Computer and Technology sector gained 8.43%, while the S&P 500 gained 4.61%.The upcoming earnings release of ...

Analysts on Wall Street project that Wix.com (WIX) will announce quarterly earnings of $0.98 per share in its forthcoming report, representing an increase of 60.7% year over year. Revenues are projected to reach $402.61 million, increasing 13.4% from the same quarter last year.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a ...

NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced that it has completed $300 million in share repurchases, which received court approval in December 2023 and is part of the authorization by its Board of Directors approved in August 2023. The Company repurchased 2,401,695 outstanding Wix ordinary shares, representing approximately 4% of total shares outstanding, at an approximate volume-weighted average price per share of $124.91. Pursuant to its Board of Directors' authoriz ...

NEW YORK, Feb. 13, 2024 /PRNewswire/ -- Wix.com Ltd. (Nasdaq: WIX), today announced that Wix management will participate in a fireside chat at Morgan Stanley's Technology, Media & Telecom Conference on Monday, March 4th at 12:40 p.m. PST. The event will be available via live audio webcast and archived replay on Wix's investor relations website: https://investors.wix.com. About Wix.com Ltd.Wix is the leading SaaS website builder platform to create, manage, and grow a global, digital presence1. What began as ...

Wix.com (WIX) closed the latest trading day at $129.21, indicating a +0.99% change from the previous session's end. This move outpaced the S&P 500's daily gain of 0.23%. On the other hand, the Dow registered a gain of 0.37%, and the technology-centric Nasdaq increased by 0.07%.Prior to today's trading, shares of the cloud-based web development company had gained 6.21% over the past month. This has lagged the Computer and Technology sector's gain of 11.06% and outpaced the S&P 500's gain of 5.3% in that time ...