The latest trading session saw Wix.com (WIX) ending at $164.50, denoting a +0.14% adjustment from its last day's close. This change lagged the S&P 500's 0.27% gain on the day. Meanwhile, the Dow experienced a rise of 0.65%, and the technology-dominated Nasdaq saw an increase of 0.26%.

Coming into today, shares of the cloud-based web development company had lost 2.39% in the past month. In that same time, the Computer and Technology sector gained 2.21%, while the S&P 500 gained 2%.

Investors will be eagerly watching for the performance of Wix.com in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.44, showcasing a 30.91% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $443.27 million, up 12.55% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.85 per share and revenue of $1.75 billion, indicating changes of +33.26% and +12.37%, respectively, compared to the previous year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Wix.com. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Wix.com holds a Zacks Rank of #3 (Hold).

Looking at its valuation, Wix.com is holding a Forward P/E ratio of 28.09. This denotes a discount relative to the industry's average Forward P/E of 28.17.

One should further note that WIX currently holds a PEG ratio of 1.25. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Computers - IT Services industry had an average PEG ratio of 2.82.

The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 50, finds itself in the top 20% echelons of all 250+ industries.