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WIX

Bull Of The Day: Wix.com (WIX)

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Need a good idea for a Valentine's gift for your special someone? How about a website for their blog or collection of personal photos from Wix.com (WIX)? If that doesn't work, what about some shares of the same company that is about to report earnings tomorrow?

Wix.com is a Zacks Rank #2 (Buy) and is going to report earnings before the market open on February 15. Wall Street is looking for $81M in revenue and $0.03 on the bottom line. One subject that will likely come up on the conference call is the integration with Square to give Wix merchants and entrepreneurs in North America a new way to accept online and in person credit card payments.

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Description

Wix.com develops and markets an Internet service that allows users to create Web content. As of December 31, 2015, it had approximately 77 million registered users and 1,767,425 premium subscriptions in approximately 190 countries. Wix.com was founded in 2006 and is headquartered in Tel Aviv, Israel.

Previous Quarter

The most recent quarter was a good one with the company beating the Wall Street Consensus Estimate of loss of $0.05 in reporting a loss of $0.04. The one cent beat wasn't that great, but the company had better things to talk about on the top line. Sales of $75.4M were comfortably ahead of the $72.9M consensus.

The company guided Wall Street higher following the report, moving revenue guidance to $81-$82M when the consensus was looking for $76M. This helped bring in the buyers as the stock soared more than 16% in the session following the report.

The report prior to that was also a solid beat and raise quarter. In the session following that report the stock moved higher by more than 13%.

My Favorite Chart

This is my favorite chart when looking at a stock. Quarterly revenue charted against the stock price so you can see where things are headed. Clearly WIX is still growing and there is no seasonality in sight. This is why I like this stock to continue to top Wall Street expectations.

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Wix.com Ltd. (WIX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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