Equities analysts expect that Wix.Com Ltd (NASDAQ:WIX) will report earnings per share of $0.28 for the current quarter, Zacks reports. Eleven analysts have made estimates for Wix.Com’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.18. Wix.Com posted earnings of $0.39 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 28.2%. The firm is expected to report its next quarterly earnings results on Tuesday, November 12th.

According to Zacks, analysts expect that Wix.Com will report full year earnings of $0.96 per share for the current financial year, with EPS estimates ranging from $0.83 to $1.15. For the next year, analysts anticipate that the firm will report earnings of $1.39 per share, with EPS estimates ranging from $0.86 to $1.73. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Wix.Com.

Wix.Com (NASDAQ:WIX) last announced its quarterly earnings data on Wednesday, July 24th. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.17. The company had revenue of $185.40 million for the quarter, compared to analysts’ expectations of $183.92 million. Wix.Com had a negative return on equity of 21.60% and a negative net margin of 8.70%. The business’s revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS.

WIX has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on shares of Wix.Com to $166.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Citigroup raised their target price on Wix.Com from $125.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Wedbush lifted their price target on shares of Wix.Com from $152.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Deutsche Bank raised their price objective on Wix.Com from $135.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, ValuEngine raised Wix.Com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Wix.Com has a consensus rating of “Buy” and a consensus price target of $136.39.

Shares of WIX traded down $0.87 during mid-day trading on Friday, reaching $129.01. 19,747 shares of the company were exchanged, compared to its average volume of 378,386. The business has a 50 day simple moving average of $144.18 and a two-hundred day simple moving average of $134.08. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market capitalization of $6.72 billion, a PE ratio of -292.83 and a beta of 1.55. Wix.Com has a 52 week low of $80.20 and a 52 week high of $155.75.

A number of institutional investors and hedge funds have recently modified their holdings of WIX. Captrust Financial Advisors purchased a new stake in shares of Wix.Com in the second quarter valued at about $28,000. Flinton Capital Management LLC increased its stake in Wix.Com by 29.4% in the 2nd quarter. Flinton Capital Management LLC now owns 352 shares of the information services provider’s stock valued at $50,000 after buying an additional 80 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Wix.Com by 75.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 350 shares of the information services provider’s stock worth $50,000 after buying an additional 150 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Wix.Com by 20.9% during the 1st quarter. Quadrant Capital Group LLC now owns 463 shares of the information services provider’s stock worth $54,000 after buying an additional 80 shares in the last quarter. Finally, Highstreet Asset Management Inc. purchased a new position in shares of Wix.Com in the 1st quarter worth approximately $60,000. 84.12% of the stock is owned by hedge funds and other institutional investors.

About Wix.Com

Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in Latin America, Europe, North America, Asia, and internationally. It offers Web development, design, and management solutions and apps through an online platform that enables its user base of businesses, organizations, professionals, and individuals to create a digital presence.

Further Reading: How to invest in blue-chip stocks

Get a free copy of the Zacks research report on Wix.Com (WIX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wix.Com (NASDAQ:WIX)

Receive News & Ratings for Wix.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wix.Com and related companies with MarketBeat.com's FREE daily email newsletter.