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Wix (WIX) Reports Q1: Everything You Need To Know Ahead Of Earnings

StockStory - Sun May 19, 2:00AM CDT

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Website design and e-commerce platform provider Wix.com (NASDAQ:WIX) will be reporting results tomorrow morning. Here's what you need to know.

Wix met analysts' revenue expectations last quarter, reporting revenues of $403.8 million, up 13.7% year on year. It was a decent quarter for the company, with revenue guidance for the next quarter roughly inline with analysts' expectations.

Is Wix a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Wix's revenue to grow 11.7% year on year to $417.8 million, improving from the 9.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.04 per share.

Wix Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wix has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 0.8% on average.

Looking at Wix's peers in the e-commerce software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. BigCommerce delivered year-on-year revenue growth of 12%, beating analysts' expectations by 4.1%, and Shopify reported revenues up 23.4%, in line with consensus estimates. BigCommerce traded up 13.2% following the results while Shopify was down 19%.

Read our full analysis of BigCommerce's results here and Shopify's results here.

There has been positive sentiment among investors in the e-commerce software segment, with share prices up 6.1% on average over the last month. Wix is up 12.7% during the same time and is heading into earnings with an average analyst price target of $157.1 (compared to the current share price of $136.94).

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