FMP
May 20, 2024 12:52 PM - Davit Kirakosyan
Wix.com (NASDAQ:WIX) shares surged more than 7% pre-market today after the company reported first-quarter profits that exceeded analyst expectations. The company posted an adjusted earnings per share (EPS) of $1.29, which was higher than the consensus estimate of $1.03. Revenue for the quarter also surpassed predictions, reaching $419.8 million compared to the expected $417.9 million.
Looking ahead, the company provided guidance for Q2/24, projecting revenues between $431 million and $435 million, compared to the Street estimate of $435.3 million. For the full year, Wix expects revenues to be between $1.738 billion and $1.761 billion, compared to the Street estimate of $1.75 billion.
In a statement, the CEO of Wix.com expressed satisfaction with the company's performance, attributing the strong results to the effective execution of their growth strategy and continued investment in product development. The CEO emphasized the company’s commitment to expanding its market presence and enhancing its platform capabilities.
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...