Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Wix (NASDAQ:WIX) Reports Q3 In Line With Expectations, Stock Jumps 12.1% By: StockStory November 20, 2024 at 05:56 AM EST Website design and e-commerce platform provider Wix.com (NASDAQ:WIX) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 12.9% year on year to $444.7 million. The company expects next quarter’s revenue to be around $460.5 million, coming in 0.7% above analysts’ estimates. Its non-GAAP profit of $1.50 per share was 5% above analysts’ consensus estimates. Is now the time to buy Wix? Find out by accessing our full research report, it’s free. Wix (WIX) Q3 CY2024 Highlights:Revenue: $444.7 million vs analyst estimates of $444 million (12.9% year-on-year growth, in line)Adjusted EPS: $1.50 vs analyst estimates of $1.43 (5% beat)Adjusted Operating Income: $88.42 million vs analyst estimates of $86.44 million (19.9% margin, 2.3% beat)Revenue Guidance for Q4 CY2024 is $460.5 million at the midpoint (0.7% beat)Operating Margin: 5.8%, up from -1.5% in the same quarter last yearFree Cash Flow Margin: 28.7%, up from 27% in the previous quarterMarket Capitalization: $10.3 billion“The continued momentum and accomplishments achieved this year are a testament to our intense focus on best-in-class innovation,” said Avishai Abrahami, Wix Co-founder and CEO.Company OverviewFounded in 2006 in Tel Aviv, Wix.com (NASDAQ:WIX) offers a free and easy to operate website building platform. E-commerce SoftwareWhile e-commerce has been around for over two decades and enjoyed meaningful growth, its overall penetration of retail still remains low. Only around $1 in every $5 spent on retail purchases comes from digital orders, leaving over 80% of the retail market still ripe for online disruption. It is these large swathes of the retail where e-commerce has not yet taken hold that drives the demand for various e-commerce software solutions.Sales GrowthExamining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last three years, Wix grew its sales at a 11.8% compounded annual growth rate. Although this growth is solid on an absolute basis, it fell short of our benchmark for the software sector. This quarter, Wix’s year-on-year revenue growth was 12.9%, and its $444.7 million of revenue was in line with Wall Street’s estimates. Company management is currently guiding for a 14% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 13.8% over the next 12 months, an acceleration versus the last three years. This projection is admirable and suggests its newer products and services will spur faster growth. Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.Customer Acquisition EfficiencyThe customer acquisition cost (CAC) payback period measures the months a company needs to recoup the money spent on acquiring a new customer. This metric helps assess how quickly a business can break even on its sales and marketing investments. Wix is efficient at acquiring new customers, and its CAC payback period checked in at 38.4 months this quarter. The company’s performance gives it the freedom to invest its resources into new product initiatives rather than excessive sales and marketing. Key Takeaways from Wix’s Q3 Results It was good to see Wix provide revenue guidance for next quarter that slightly topped analysts’ expectations. We were also glad its EPS and adjusted operating income beat Wall Street's estimates. Zooming out, we think this was a decent quarter featuring some areas of strength. The stock traded up 12.1% to $206.01 immediately following the results. Big picture, is Wix a buy here and now? If you’re making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it’s free. Stock Quote API & Stock News API supplied by www.cloudquote.io Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Wix (NASDAQ:WIX) Reports Q3 In Line With Expectations, Stock Jumps 12.1% By: StockStory November 20, 2024 at 05:56 AM EST Website design and e-commerce platform provider Wix.com (NASDAQ:WIX) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 12.9% year on year to $444.7 million. The company expects next quarter’s revenue to be around $460.5 million, coming in 0.7% above analysts’ estimates. Its non-GAAP profit of $1.50 per share was 5% above analysts’ consensus estimates. Is now the time to buy Wix? Find out by accessing our full research report, it’s free. Wix (WIX) Q3 CY2024 Highlights:Revenue: $444.7 million vs analyst estimates of $444 million (12.9% year-on-year growth, in line)Adjusted EPS: $1.50 vs analyst estimates of $1.43 (5% beat)Adjusted Operating Income: $88.42 million vs analyst estimates of $86.44 million (19.9% margin, 2.3% beat)Revenue Guidance for Q4 CY2024 is $460.5 million at the midpoint (0.7% beat)Operating Margin: 5.8%, up from -1.5% in the same quarter last yearFree Cash Flow Margin: 28.7%, up from 27% in the previous quarterMarket Capitalization: $10.3 billion“The continued momentum and accomplishments achieved this year are a testament to our intense focus on best-in-class innovation,” said Avishai Abrahami, Wix Co-founder and CEO.Company OverviewFounded in 2006 in Tel Aviv, Wix.com (NASDAQ:WIX) offers a free and easy to operate website building platform. E-commerce SoftwareWhile e-commerce has been around for over two decades and enjoyed meaningful growth, its overall penetration of retail still remains low. Only around $1 in every $5 spent on retail purchases comes from digital orders, leaving over 80% of the retail market still ripe for online disruption. It is these large swathes of the retail where e-commerce has not yet taken hold that drives the demand for various e-commerce software solutions.Sales GrowthExamining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last three years, Wix grew its sales at a 11.8% compounded annual growth rate. Although this growth is solid on an absolute basis, it fell short of our benchmark for the software sector. This quarter, Wix’s year-on-year revenue growth was 12.9%, and its $444.7 million of revenue was in line with Wall Street’s estimates. Company management is currently guiding for a 14% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 13.8% over the next 12 months, an acceleration versus the last three years. This projection is admirable and suggests its newer products and services will spur faster growth. Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.Customer Acquisition EfficiencyThe customer acquisition cost (CAC) payback period measures the months a company needs to recoup the money spent on acquiring a new customer. This metric helps assess how quickly a business can break even on its sales and marketing investments. Wix is efficient at acquiring new customers, and its CAC payback period checked in at 38.4 months this quarter. The company’s performance gives it the freedom to invest its resources into new product initiatives rather than excessive sales and marketing. Key Takeaways from Wix’s Q3 Results It was good to see Wix provide revenue guidance for next quarter that slightly topped analysts’ expectations. We were also glad its EPS and adjusted operating income beat Wall Street's estimates. Zooming out, we think this was a decent quarter featuring some areas of strength. The stock traded up 12.1% to $206.01 immediately following the results. Big picture, is Wix a buy here and now? If you’re making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it’s free.
Website design and e-commerce platform provider Wix.com (NASDAQ:WIX) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 12.9% year on year to $444.7 million. The company expects next quarter’s revenue to be around $460.5 million, coming in 0.7% above analysts’ estimates. Its non-GAAP profit of $1.50 per share was 5% above analysts’ consensus estimates. Is now the time to buy Wix? Find out by accessing our full research report, it’s free. Wix (WIX) Q3 CY2024 Highlights:Revenue: $444.7 million vs analyst estimates of $444 million (12.9% year-on-year growth, in line)Adjusted EPS: $1.50 vs analyst estimates of $1.43 (5% beat)Adjusted Operating Income: $88.42 million vs analyst estimates of $86.44 million (19.9% margin, 2.3% beat)Revenue Guidance for Q4 CY2024 is $460.5 million at the midpoint (0.7% beat)Operating Margin: 5.8%, up from -1.5% in the same quarter last yearFree Cash Flow Margin: 28.7%, up from 27% in the previous quarterMarket Capitalization: $10.3 billion“The continued momentum and accomplishments achieved this year are a testament to our intense focus on best-in-class innovation,” said Avishai Abrahami, Wix Co-founder and CEO.Company OverviewFounded in 2006 in Tel Aviv, Wix.com (NASDAQ:WIX) offers a free and easy to operate website building platform. E-commerce SoftwareWhile e-commerce has been around for over two decades and enjoyed meaningful growth, its overall penetration of retail still remains low. Only around $1 in every $5 spent on retail purchases comes from digital orders, leaving over 80% of the retail market still ripe for online disruption. It is these large swathes of the retail where e-commerce has not yet taken hold that drives the demand for various e-commerce software solutions.Sales GrowthExamining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last three years, Wix grew its sales at a 11.8% compounded annual growth rate. Although this growth is solid on an absolute basis, it fell short of our benchmark for the software sector. This quarter, Wix’s year-on-year revenue growth was 12.9%, and its $444.7 million of revenue was in line with Wall Street’s estimates. Company management is currently guiding for a 14% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 13.8% over the next 12 months, an acceleration versus the last three years. This projection is admirable and suggests its newer products and services will spur faster growth. Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.Customer Acquisition EfficiencyThe customer acquisition cost (CAC) payback period measures the months a company needs to recoup the money spent on acquiring a new customer. This metric helps assess how quickly a business can break even on its sales and marketing investments. Wix is efficient at acquiring new customers, and its CAC payback period checked in at 38.4 months this quarter. The company’s performance gives it the freedom to invest its resources into new product initiatives rather than excessive sales and marketing. Key Takeaways from Wix’s Q3 Results It was good to see Wix provide revenue guidance for next quarter that slightly topped analysts’ expectations. We were also glad its EPS and adjusted operating income beat Wall Street's estimates. Zooming out, we think this was a decent quarter featuring some areas of strength. The stock traded up 12.1% to $206.01 immediately following the results. Big picture, is Wix a buy here and now? If you’re making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it’s free.
