Wix.com (WIX) closed at $167.88 in the latest trading session, marking a -1.01% move from the prior day. This move lagged the S&P 500's daily loss of 0.33%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq lost 0.56%.

The cloud-based web development company's shares have seen an increase of 7.68% over the last month, surpassing the Computer and Technology sector's gain of 2.83% and the S&P 500's gain of 1.83%.

Analysts and investors alike will be keeping a close eye on the performance of Wix.com in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.44, indicating a 30.91% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $443.27 million, indicating a 12.55% upward movement from the same quarter last year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.85 per share and revenue of $1.75 billion. These totals would mark changes of +33.26% and +12.37%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for Wix.com. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Wix.com possesses a Zacks Rank of #3 (Hold).

In the context of valuation, Wix.com is at present trading with a Forward P/E ratio of 29. This expresses a premium compared to the average Forward P/E of 28.66 of its industry.

One should further note that WIX currently holds a PEG ratio of 1.29. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. WIX's industry had an average PEG ratio of 2.79 as of yesterday's close.

The Computers - IT Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 54, finds itself in the top 22% echelons of all 250+ industries.