Investors are always on the lookout for stocks ready to beat during the earnings season and Wix.com Ltd. WIX could be one of these companies. The company has earnings coming in fairly early and events are evolving well enough for their relationship, because Wix has been seeing favorable earnings estimating audit activity in recent times, which is generally a precursor to a beating of useful. After all, analysts who collect estimates just before earnings – with the most updated information possible – are an excellent indicator of some favorable trends below the surface of WIX in this report. In fact, the most accurate estimate for the current quarter is currently at 0 cents per share per WIX, compared to a larger Zacks consensus estimate than a loss of 2 cents per share. This suggests that analysts have recently increased their estimates for WIX, giving the stock an ESP Zacks Earnings of + 100.00% in the earnings season.
Wixcom Ltd Price and EPS Surprise
Wixcom Ltd price-eps-surprise | Quote Wixcom Ltd
Because it is important? A positive reading for Zacks Earnings ESP has proven to be very powerful in producing both positive surprises and in exceeding market performance. Our recent 10-year backtest shows that stocks that have a positive ESP on earnings and a Zacks Rank # 3 (Hold) or better show a positive surprise almost 70% of the time and have returned over 28% on average in returns. annual (see additional ESP titles with the best earnings here). Given that WIX has a Zacks Rank # 3 and an ESP in positive territory, investors may wish to consider this stock ahead of earnings. Here you can see the complete list of Zacks n. 1 today (Strong Buy). Clearly, recent revisions to earnings estimates suggest that there are good things for Wix and that there may be some pace in the cards for the next report. Tech Mega-Trend of All Last year, it generated $ 24 billion in global revenue. By 2020, it is expected to explode up to $ 77.6 billion. Famous investor Mark Cuban says it will produce "the first trillion players in the world", but that it should still leave a lot of money to regular investors who do the right deals ahead of time. See the top 3 Zacks titles to play this trend >>
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