Wix.Com Ltd reports results for the quarter ended June 30 - Earnings Summary

• Wix.Com Ltd WIX reported quarterly adjusted earnings of $2.28​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.67. The mean expectation of nineteen analysts for the quarter was for earnings of $1.74 per share. Wall Street expected results to range from $1.38 to $1.98 per share.

• Revenue rose 12.4% to $489.93 million from a year ago; analysts expected $487.46 million.

• Wix.Com Ltd's reported EPS for the quarter was 98 cents​.

• The company reported quarterly net income of $57.7 million.

• Wix.Com Ltd shares had fallen by 19.2% this quarter and lost 40.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 3.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "buy"

• Wall Street's median 12-month price target for Wix.Com Ltd is $225.00, about 43.1% above its last closing price of $128.09

This summary was machine generated from LSEG data August 6 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)