Website design and e-commerce platform provider Wix.com (NASDAQ: WIX) will be announcing earnings results this Wednesday morning. Here’s what investors should know.
Wix met analysts’ revenue expectations last quarter, reporting revenues of $473.7 million, up 12.8% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ billings estimates but EBITDA in line with analysts’ 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 11.8% year on year to $487.1 million, in line with the 11.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.76 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wix has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.6% on average.
Looking at Wix’s peers in the sales and marketing software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. BigCommerce delivered year-on-year revenue growth of 3.2%, beating analysts’ expectations by 1.3%, and VeriSign reported revenues up 5.9%, in line with consensus estimates. BigCommerce traded up 4.6% following the results while VeriSign was also up 6.5%.
Read our full analysis of BigCommerce’s results here and VeriSign’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the sales and marketing software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3% on average over the last month. Wix is down 19.2% during the same time and is heading into earnings with an average analyst price target of $220.59 (compared to the current share price of $132.22).
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