Wix.com Share Price Drops 23% Following Q4 Results & Worse Than Expected Guidance
<p><a href='https://financialmodelingprep.com/financial-summary/WIX'>Wix.com (NASDAQ:WIX) </a>shares closed 23% lower on Wednesday following the company’s reported Q4 results, with bookings coming in at $352 million (up 14.7% year-over-year), missing the consensus estimate by 4.2%. Q4 EPS came in at ($0.37), slightly better than the consensus estimate of ($0.38).</p>
<p>The company expects Q1/22 revenue to range from $338 million to $343 million, below the consensus estimate of $355 million.</p>
<p>Analysts at Berenberg Bank provided their key takeaways from the earnings call, stating they believe the call signaled management's confidence in the long-term growth and margin prospects, however, management also highlighted short-term volatility and tough comps compared to 2021 levels. </p>
<p>While growth in 2022 is expected to be softer versus 2021 levels, the company expects growth to accelerate in 2023 and 2024. The company called out that December 2021 had less e-commerce than expected by the industry, however, it anticipates growth in Gross Payments Value (GPV) to continue and it will be disclosing GPV on a quarterly basis.</p>

NASDAQ:WIX