Wix.com (WIX) Declines More Than Market: Some Information for Investors

Wix.com stock declined 3.28% to $71.74, underperforming the S&P 500's 0.02% loss. The stock has dropped 10.99% over the past month, significantly lagging the Computer and Technology sector's 3.58% gain. Analysts expect upcoming earnings of $1.32 per share (down 21.43% YoY) with revenue projected at $566.94 million (up 12.22% YoY). For the full year, earnings are forecast to decline 41.53% while revenue is expected to grow 13.29%. Wix holds a Zacks Rank #3 (Hold) with a Forward P/E of 17.34, trading at a premium to its industry average of 13.43.