Wix.com Ltd. ($WIX) Stock Forecast: Up 5.8% Today

What is Wix.com Ltd.?

Wix.com Ltd (NASDAQ: WIX) is a leading SaaS website builder platform globally. The company reported strong financial results for the second quarter of 2024, with revenue exceeding expectations and accelerated bookings growth.

Why is Wix.com Ltd. going up?

WIX stock is up 5.8% on Aug 7, 2024 14:02

• Revenue reached $435.7 million and adjusted EPS was $1.67, both surpassing analyst estimates and fueling a bullish movement in the stock.
• Growth was particularly strong in the Partner and Subscription segments, with Partners revenue increasing by 29% year over year and Creative Subscription revenue up by 9% year over year.
• The company attributed its accelerated bookings growth to various factors like new product initiatives, the popularity of Wix Studio, enhanced AI capabilities, and positive responses to price adjustments made earlier in the year.
• Investors reacted positively to Wix's impressive financial results and growth potential, leading to a rise in the stock price as they embraced the company's performance and outlook.

WIX Price Chart

WIX Technical Analysis

WIX News

Wix''s Q2 Earnings: Revenue And Profit Beat, Strong Performance in Partner And Subscription Segments

Wix.com Ltd (NASDAQ: WIX ) reported its fiscal second-quarter 2024 results. Revenue grew 12% year over year to $435.7 million, beating the analyst consensus estimate of $433.8 million . Adjusted EPS of $1.67 beat the analyst consensus estimate of $1.35 . Partners revenue in the quarter was $148.4 million, up 29% Y/Y. Segments: Creative Subscription revenue increased 9% Y/Y to $312.1 million. The Creative Subscriptions bookings climbed 12% Y/Y to $329.0 million . Creative Subscriptions ARR was $1.28 billion, up 10% Y/Y. Business Solutions'' revenue rose 20% year over year to $123.6 million, and bookings jumped 24% year over year to $129.4 million. The adjusted gross margin … Full story available on Benzinga.com

https://www.benzinga.com/news/earnings/24/08/40218431/wixs-q2-earnings-revenue-and-profit-beat-strong-performance-in-partner-and-subscription-segments

WIX Stock Earnings: Wix.com Beats EPS, Beats Revenue for Q2 2024

Wix.com (NASDAQ: WIX ) just reported results for the second quarter of 2024. Wix.com reported earnings per share of $1.67. This was above the analyst estimate for EPS of $1.34. The company reported revenue of $435.75 million. This was 0.45% better than the analyst estimate for revenue of $433.81 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com. More From InvestorPlace Legendary Investor Predicts: “Forget AI… THIS Technology Is the Future” The post WIX Stock Earnings: Wix.com Beats EPS, Beats Revenue for Q2 2024 appeared first on InvestorPlace .

https://investorplace.com/earning-results/2024/08/wix-stock-earnings-wix-com-for-q2-of-2024/

Wix.Com Ltd earnings beat by $0.32, revenue topped estimates

https://www.investing.com/news/stock-market-news/wixcom-ltd-earnings-beat-by-032-revenue-topped-estimates-3558549

https://www.investing.com/news/stock-market-news/wixcom-ltd-earnings-beat-by-032-revenue-topped-estimates-3558549

Wix Reports Second Quarter 2024 Results

Accelerated bookings growth, driven by key product initiatives, and FCF margin expansion in Q2 builds momentum for 2H Meaningful bookings growth acceleration with total bookings of $458.4 million , up 15% y/y, as a result of strong Wix Studio uptake, benefits from growing AI capabilities and commerce platform expansion as well as positive response to the price increase implemented earlier this year Bookings growth accelerated across both Self Creators and Partners Continue to expect bookings growth acceleration to 16% y/y in 2H at the high end of full year guidance range Total revenue of $435.7 million exceeded expectations, up 12% y/y, driven by strong Partners growth of 29% y/y Record take rate of 1.68%, driven by transaction revenue growth of 21% y/y as we added a new payment partner to Wix Payments Continued margin expansion with Q2 FCF 1 margin of 27%, driven by additional operating leverage High end of increased full year FCF 1 outlook positions us to achieve the Rule of 40 milestone this year, one full year ahead of plan NEW YORK , Aug. 7, 2024 /PRNewswire/ -- Wix.com Ltd. (NASDAQ: WIX ), the leading SaaS website builder platform globally, 2 today reported financial results for the second quarter of 2024.

https://www.benzinga.com/pressreleases/24/08/n40210405/wix-reports-second-quarter-2024-results

WIX Set to Report Q2 Earnings: Here''s What You Should Know

Wix.com Ltd (NASDAQ: WIX ) is slated to report second-quarter 2024 results on Aug 7. The company expects revenues to be between $431 million and $435 million, implying 11-12% growth from the prior-year quarter''s reported figure. The Zacks Consensus Estimate is pegged at $433.6 million, indicating an increase of 11.2% from a year ago. The Zacks Consensus Estimate for earnings is pegged at $1.32 per share, up 4.8% from the year-earlier quarter''s level. WIX''s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 56.5%. The company''s shares have risen 56% compared with the sub-industry''s growth of 12.2% in the past year. Image Source: Zacks Investment Research Factors to Consider Increasing adoption of the product portfolio, especially various AI products, is likely to have driven revenues in the to-be-reported quarter. Among AI products, in the last reported quarter, management highlighted that its key offering — AI Website Builder — received strong responses from Self Creators and Partners.

https://www.benzinga.com/news/earnings/24/08/40163358/wix-set-to-report-q2-earnings-heres-what-you-should-know

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Wix.com Ltd. Price History

10.06.2024 - WIX Stock was up 5.1%

• The rise in WIX stock today is linked to the growing interest and investment in artificial intelligence (AI) technologies by major companies globally.
• A recent survey highlighting the significant investments in AI applications by firms is likely influencing investor sentiment towards AI-related stocks like WIX.
• With companies investing heavily in AI development, the need for innovative tech solutions like those provided by WIX is projected to rise, subsequently boosting the stock price.
• Investors are acknowledging the revenue and profit growth potential for AI developers, driving a positive sentiment towards WIX and other firms in the AI sector.

06.05.2024 - WIX Stock was up 6.5%

• The increase in Wix.com shares target by BofA following the launch of GenAI app builder reflects confidence in the company's growth prospects.
• The introduction of the GenAI app builder has the potential to attract more users to the platform, leading to revenue growth and increased market share.
• This favorable development likely drove the bullish movement in WIX stock, with investors expressing optimism about the company's future performance and technological innovation.

22.01.2024 - WIX Stock was up 5.8%

• Following its Q4 2023 earnings release, Wix.com's stock displayed a bullish trend as revenue saw a 14% year-over-year rise to $403.8 million, surpassing consensus estimates.
• The company's robust performance was fueled by a 38% year-over-year increase in Partners' revenue.
• Management's positive future growth projections boosted investor confidence, resulting in a notable uptick in the stock's value.
• The market responded favorably to Wix.com's impressive financial performance and growth forecasts, underscoring strong investor enthusiasm for the company's trajectory in the web development sector.

21.01.2024 - WIX Stock was up 6.8%

• Wix.com stock surged after posting robust fourth-quarter results, with revenue up 14% year-over-year, surpassing estimates.
• The company witnessed a significant rise in Partners' revenue, signaling a promising growth outlook.
• Management's positive future growth projections and the company's ability to outperform earnings expectations fueled the stock's upward movement.
• Wix.com's strong performance in the market, amid a mixed market sentiment with other companies reporting upcoming earnings, reflects investor confidence in its growth potential.

14.04.2024 - WIX Stock was up 5.0%

• Wix's announcement of the AI Portfolio Creator, utilizing cutting-edge AI technology for quick and professional portfolio creation, has sparked investor interest and confidence in the company's continuous innovation efforts.
• The new tool is expected to attract more users to the platform, driving potential revenue growth and enhancing Wix's competitive edge in the market.
• The bullish movement in WIX stock can be attributed to the market's positive reception of the company's strategic expansion into AI-driven solutions, positioning Wix as a key player in the digital portfolio creation space.

21.01.2024 - WIX Stock was up 5.8%

• Wix.com (WIX) stock demonstrated a strong bullish trend after the Q4 2023 earnings release, surpassing revenue projections and posting increased adjusted EPS.
• The company's revenue expansion, particularly in the Partners segment, played a key role in enhancing investor confidence.
• Optimistic guidance provided by the management regarding future growth prospects further propelled the stock's upward momentum.
• Overall, Wix.com's impressive financial performance and promising growth opportunities instilled faith among investors, fostering a bullish market sentiment.

20.04.2024 - WIX Stock was up 9.5%

• Wix stock surged by 20% following an impressive Q1 earnings report, surpassing earnings projections with $24 million and generating revenue close to $420 million.
• The company raised its revenue growth forecasts for the year, anticipating a growth rate of 11-13% and total revenues reaching $1.75 billion, catching many traders off guard.
• Wix's achievement is linked to its key product, Wix Studio, tailored to ad agencies and advertisers, providing AI tools and a platform for developer partners.
• The stock's appeal to analysts and traders was another factor driving its notable surge.

21.01.2024 - WIX Stock was up 7.3%

• Wix.com (WIX) stock saw a significant bullish trend following the strong Q4 results, surpassing earnings expectations by $0.26 and exceeding revenue estimates.
• Optimistic guidance for 2024 from Wix.com further bolstered investor sentiment, driving the stock price upwards.
• Despite a challenging market environment where certain tech stocks face high expectations, such as Nvidia, Wix.com's positive performance showcases its resilience and ability to deliver robust financial results.
• The market's favorable response to Wix.com's earnings reflects investor confidence in the company's growth potential and its strong position in the SaaS industry.

20.04.2024 - WIX Stock was up 5.1%

• Wix.com (WIX) experienced a strong bullish movement following the announcement of robust Q1 results, with adjusted earnings per share of $1.29 surpassing market estimates of $1.03.
• The company's quarterly sales of $419.776 million also exceeded expectations, contributing to the positive investor sentiment.
• The upbeat results and raised 2024 forecast showcased Wix.com's strong performance, driving the stock price up by 6.9% in pre-market trading.
• The market reacted positively to the company's higher Q1 profit, which beat estimates and highlighted Wix.com's continued growth trajectory, leading to the bullish movement in the stock.

01.07.2024 - WIX Stock was down 5.3%

• Analysts have a positive outlook on Wix.com, averaging a brokerage recommendation of 1.68, indicating a Strong Buy sentiment.
• Despite favorable analyst views, the stock exhibited a bearish trend, potentially influenced by general market conditions or company-specific updates not reflected in analyst assessments.
• Investors should factor in other variables beyond analyst ratings when evaluating investment choices, as market fluctuations can be shaped by numerous unforeseeable elements.

07.07.2024 - WIX Stock was up 5.8%

• Revenue reached $435.7 million and adjusted EPS was $1.67, both surpassing analyst estimates and fueling a bullish movement in the stock.
• Growth was particularly strong in the Partner and Subscription segments, with Partners revenue increasing by 29% year over year and Creative Subscription revenue up by 9% year over year.
• The company attributed its accelerated bookings growth to various factors like new product initiatives, the popularity of Wix Studio, enhanced AI capabilities, and positive responses to price adjustments made earlier in the year.
• Investors reacted positively to Wix's impressive financial results and growth potential, leading to a rise in the stock price as they embraced the company's performance and outlook.

05.07.2024 - WIX Stock was up 6.8%

• Stock for Wix.com Ltd has shown a positive trend as investors anticipate the company's forthcoming Q2 earnings announcement.
• Anticipation of revenue growth in the range of 11-12% compared to the previous year, attributed to the growing popularity of AI products such as the AI Website Builder, has had a favorable impact on investor outlook.
• Market analysts hold an optimistic view on Wix.com, with an average brokerage recommendation of 1.68, indicating a Strong Buy sentiment. This positive analyst sentiment might have contributed to the stock's performance.
• The track record of surpassing earnings expectations in past quarters and a robust product lineup could be factors driving the current bullish movement in WIX stock.