Factors To Consider Ahead Of Wix.com's (WIX) Q1 Earnings
Zacks Investment Research | May 13, 2019 09:33PM ET
Wix.com Ltd. (NASDAQ:WIX) is set to report first-quarter 2019 results on May 16. Notably, the company has recorded a positive earnings surprise of 67.3% in the last reported quarter.
Past-Quarter Performance
In the last reported quarter, Wix delivered non-GAAP earnings of 42 cents per share, beating the Zacks Consensus Estimate of 30 cents. The bottom line was also higher than the year-ago quarter’s figure of 16 cent per share.
Total revenues surged 39% year over year to $164.2 million, surpassing the Zacks Consensus Estimate of $162 million.
What to Expect in Q1?
For the first quarter, the company expects revenues in the range of $172-$173 million, indicating an improvement in the range of 25-26% from the year-ago quarter.
The Zacks Consensus Estimate for first-quarter earnings is pegged at 9 cents, unchanged for the last 30 days. This suggests growth of about 280% from year-ago reported figure. For quarterly sales, the consensus mark stands at $172.9 million, suggesting an improvement of 25.5% from the prior-year quarter.
The company also provided fiscal 2019 guidance. Management anticipates revenues in the range of $755-$761million, indicating growth in the band of 25-26% from the year-ago quarter.
Wix.com has returned 67.5% in a year’s time, substantially outperforming the Zacks Investment Research
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