Wix.com (WIX) Laps the Stock Market: Here's Why

Wix.com (WIX) rose 2.63% to $76.98 in the latest session, outperforming the S&P 500. However, the stock has declined 4.43% over the past month. Upcoming earnings are projected at $1.32 per share, representing a 21.43% year-over-year decline, with full-year earnings expected to drop 41.53%. The stock carries a Zacks Rank #3 (Hold) rating with a Forward P/E of 17.54, trading at a premium to its industry average.