FMP

FMP

Enter

Wix.com (NASDAQ:WIX) shares surged more than 7% pre-market today after the company reported first-quarter profits that exceeded analyst expectations. The compan

Wix.com Shares Surge 7% Following Q1 Beat

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

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.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep