Wix.com Shares Surge 12% on Q4 Beat/Raise
<p><a href='https://financialmodelingprep.com/financial-summary/WIX'>Wix.com (NASDAQ:WIX)</a> shares jumped more than 12% on Wednesday after the company reported its Q4 results, with EPS of $0.61 beating the Street estimate of $0.07. Revenue came in at $355 million, better than the Street estimate of $351.91 million.</p>
<p>For fiscal 2023, the company expects revenue to be in the range of $1.51-1.54 billion, compared to the Street estimate of $1.51 billion.</p>
According to the RBC Capital analysts, the beat/raise reinforced their view that the Free Cash Flow story is underappreciated. Subscription adds are likely to reaccelerate, the favorable customer mix shift is having a growing/bigger/more durably positive effect on ex-price increases and the probability of the company hitting its 2025 target continues to rise. </p>
<p>According to the analysts, subscription growth, NRR erosion & H2 bookings estimates appear to be primary concerns/risks from here, but they continue to like this sticky model and compelling Fee Cash Flow narrative.</p>

NASDAQ:WIX