Wix.com Ltd. (NASDAQ:WIX) is reporting third quarter financial results on Thursday 12th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, WIX is expected to report 3Q20 loss of $ 0.15 per share from revenue of $ 249.91 million.
For the full year, analysts anticipate top line of $ 966.85 million, while looking forward to loss of $ 0.4 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 247.00 million ~ $ 250.00 million
Full Year 2020 topline are forecasted in a range of$ 946.00 million ~ $ 956.00 million
Click Here For More Historical Outlooks Of Wix.com Ltd.
Previous Quarter Performance
Wix.com Ltd. unveiled loss for the second quarter of $ 0.26 per share, from the revenue of $ 236.06 million. Wall street analysts are predicting, WIX to report 2Q20 income of $ 0.24 per share from revenue of $ 233.03 million. The bottom line results missed street analysts by $ 0.5 or 208.33 percent, at the same time, top line results outshined analysts by $ 3.03 million or 1.30 percent.
Stock Performance
Shares of Wix.com Ltd. traded up $ 25.61 or 10.49 percent on Wednesday, reaching $ 269.78 with volume of 1.05 million shares. Wix.com Ltd. has traded high as $ 273.00 and has cracked $ 251.56 on the downward trend
The closing price of $ 269.78, representing a 217.89 % increase from the 52 week low of $ 76.81 and a 23.54 % decrease over the 52 week high of $ 319.34.
The company has a market capital of $ 15.01 billion and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Wix.com Ltd. will be hosting a conference call at 8:30 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, +1-877-667-0467 U.S. or +1-346-354-0953 Toll Number, when prompted, enter passcode 4409229 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.wix.com
Wix.com Ltd. develops and markets an Internet service that allows users to create Web content in North America, Europe, Latin America, Asia, and internationally. The company offers Wix Editor, a drag-and-drop visual development and Website editing environment platform; Wix ADI that enables users to create a Website for their specific needs; and Wix Code to create Websites and Web applications.
