Published on 27 Mar 2024 on Zacks via Yahoo Finance
Wix.com (WIX) Stock Falls Amid Market Uptick: What Investors Need to Know
Wix.com (WIX) closed at $136.54 in the latest trading session, marking a -1.09% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.86%. Meanwhile, the Dow gained 1.22%, and the Nasdaq, a tech-heavy index, added 0.51%.
The cloud-based web development company's stock has dropped by 1.62% in the past month, falling short of the Computer and Technology sector's gain of 3.76% and the S&P 500's gain of 2.84%.
Analysts and investors alike will be keeping a close eye on the performance of Wix.com in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.03, showcasing a 13.19% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $417.42 million, indicating a 11.59% increase compared to the same quarter of the previous year.