Why Is Wix.com (WIX) Down 7.5% Since Last Earnings Report?

Will the recent negative trend continue leading up to its next earnings release, or is Wix.com due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Wix reported non-GAAP earnings per share (EPS) of $1.29 for first-quarter 2024, which exceeded the Zacks Consensus Estimate of$1.03.The company recorded EPS of 91 cents in the year-ago quarter. At the end ...