Wix (WIX) To Report Earnings Tomorrow: Here Is What To Expect

Website design and e-commerce platform provider Wix.com (NASDAQ:WIX) will be announcing earnings results tomorrow before market hours. Here’s what investors should know.

Wix met analysts’ revenue expectations last quarter, reporting revenues of $444.7 million, up 12.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EBITDA estimates.

Is Wix a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Wix’s revenue to grow 14.3% year on year to $461.3 million, in line with the 13.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.61 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wix has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 0.8% on average.

Looking at Wix’s peers in the e-commerce software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Shopify delivered year-on-year revenue growth of 31.2%, beating analysts’ expectations by 3%, and GoDaddy reported revenues up 8.4%, topping estimates by 1.4%. Shopify’s stock price was unchanged after the results, while GoDaddy was down 14.4%.

Read our full analysis of Shopify’s results here and GoDaddy’s results here.

There has been positive sentiment among investors in the e-commerce software segment, with share prices up 4.9% on average over the last month. Wix is down 3.3% during the same time and is heading into earnings with an average analyst price target of $237.75 (compared to the current share price of $227.90).

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