For its second fiscal quarter (ending June 30), Wix.com Ltd (NASDAQ: WIX) has reported a 20% increase in E.P.S. from $0.59 a year ago to $0.71 in the current quarter. However, this performance was $-0.65 short of the consensus estimate of $1.36. E.P.S. were $1.31 for the latest four quarters through June 30 versus $-1.07 for the same period a year ago.
Recent Price Action
On 8/7/24, Wix.com Ltd (NASDAQ: WIX) stock declined slightly by -0.5%, closing at $156.35. Moreover, unusually high trading volume at 158% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 0.8% during the last week.
Current PriceTarget Research Rating
WIX’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.
Wix.com is currently unrated.
Rating Review
The stock is currently unrated.
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