Stock Track | Wix.com Plunges 5.11% in Pre-market After Q1 Earnings Miss Estimates

Stock Track

May 13

Wix.com's stock experienced a significant 24-hour plunge of 5.11% during pre-market trading on Wednesday. The sharp decline followed the release of the company's first-quarter financial results.

The drop was primarily driven by Wix.com reporting quarterly earnings that fell short of analyst expectations. The company posted adjusted earnings per share of $0.68, which missed the consensus estimate of $1.25 by 45.6%. Quarterly sales of $541.171 million also slightly missed estimates of $544.158 million. Additionally, investment bank JP Morgan cut its price target on Wix.com shares to $86 from $91, contributing to negative sentiment.

While the company reported year-over-year growth in bookings (15%) and revenue (14%), the results were overshadowed by the earnings miss. Wix.com maintained its full-year 2026 outlook, but investors reacted negatively to the quarterly performance shortfall against expectations.

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The sharp decline followed the release of the company's first-quarter financial results.</p><p>The drop was primarily driven by Wix.com reporting quarterly earnings that fell short of analyst expectations. The company posted adjusted earnings per share of $0.68, which missed the consensus estimate of $1.25 by 45.6%. Quarterly sales of $541.171 million also slightly missed estimates of $544.158 million. Additionally, investment bank JP Morgan cut its price target on Wix.com shares to $86 from $91, contributing to negative sentiment.</p><p>While the company reported year-over-year growth in bookings (15%) and revenue (14%), the results were overshadowed by the earnings miss. Wix.com maintained its full-year 2026 outlook, but investors reacted negatively to the quarterly performance shortfall against expectations.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WIX","symbol_name":"Wix.Com Ltd","start_time":0,"source_url":"","article_id":"1100226748","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100226748","pubTimestamp":1778657942,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Wix.com's stock experienced a significant 24-hour plunge of 5.11% during pre-market trading on Wednesday. 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