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A month has gone by since the last earnings report for Wix.com (WIX). Shares have lost about 17% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Wix.com due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, fresh estimates have trended downward during the past month.
The consensus estimate has shifted -5.18% due to these changes.
VGM Scores
At this time, Wix.com has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. Charting a somewhat similar path, the stock was allocated a grade of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending downward for the stock, and the magnitude of these revisions has been net zero. Notably, Wix.com has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Wix.com is part of the Zacks Computers - IT Services industry. Over the past month, CoStar Group (CSGP), a stock from the same industry, has gained 0.9%. The company reported its results for the quarter ended December 2024 more than a month ago.
CoStar reported revenues of $709.4 million in the last reported quarter, representing a year-over-year change of +10.8%. EPS of $0.26 for the same period compares with $0.33 a year ago.
For the current quarter, CoStar is expected to post earnings of $0.13 per share, indicating a change of +30% from the year-ago quarter. The Zacks Consensus Estimate has changed -41.5% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for CoStar. Also, the stock has a VGM Score of F.
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This article originally published on Zacks Investment Research (zacks.com).