Wix.com Earnings Preview

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Wix.com WIX announces its next round of earnings this Wednesday, August 11. Here is Benzinga's everything-that-matters guide for this Wednesday's Q2 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wix.com's per-share loss will be near $-0.37 on sales of $311.66 million, according to Wall Street analysts. Wix.com reported a per-share loss of $0.26 when it published results during the same quarter last year. Sales in that period totaled $236.06 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The analyst consensus estimate would represent a 42.31% decrease in the company's earnings. Revenue would be up 32.03% on a year-over-year basis. Here is how the Wix.com's reported EPS has stacked up against analyst estimates in the past:

Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020
EPS Estimate -0.64 -0.11 -0.15 0.24
EPS Actual -0.54 -0.03 -0.14 -0.26
Revenue Estimate 295.05 M 270.22 M 249.91 M 233.03 M
Revenue Actual 304.11 M 282.53 M 254.18 M 236.06 M
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Stock Performance

Shares of Wix.com were trading at $269.91 as of August 09. Over the last 52-week period, shares are down 2.28%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Wix.com is scheduled to hold the call at 08:30:00 ET and can be accessed here.

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Posted In: EarningsBZI-EP
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