Earnings Preview For Wix.com
Wix.com (NASDAQ:WIX) is set to give its latest quarterly earnings report on Monday, 2022-05-16. Here's what investors need to know before the announcement.
Analysts estimate that Wix.com will report an earnings per share (EPS) of $-0.64.
Wix.com bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company beat EPS by $0.01, which was followed by a 0.77% drop in the share price the next day.
Here's a look at Wix.com's past performance and the resulting price change:
|Quarter||Q4 2021||Q3 2021||Q2 2021||Q1 2021|
|Price Change %||-0.77%||5.71%||-2.58%||-7.38%|
Shares of Wix.com were trading at $63.28 as of May 12. Over the last 52-week period, shares are down 69.59%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
This article was generated by Benzinga's automated content engine and reviewed by an editor.