Wix.com Faces 29.5% EPS Drop After $122M Fund Exit
Wix.com shares have declined 20.74% over recent sessions and plunged 70% year-to-date as Foxhaven Asset Management sold its entire $122.39 million stake. The company forecasts Q4 EPS of $1.36 (down 29.5%) on $528.03 million revenue, while full-year EPS of $6.76 (up 5.8%) and $2 billion revenue (up 13.4%).
1. Stock Performance and Fund Exit
In the latest session, Wix.com stock closed at $70.46, down 1.19% versus a 0.43% S&P 500 decline, a 1.05% drop in the Dow and 0.92% in the Nasdaq. Over the past year, shares plunged 70% as Foxhaven Asset Management sold all 689,041 shares, totaling $122.39 million.
2. Q4 Earnings Estimates
In its earnings report scheduled for March 4, 2026, Wix.com is expected to post EPS of $1.36, down 29.53% year-over-year on $528.03 million revenue, representing a 14.68% increase.
3. Full-Year Projections and Valuation
Analysts project full-year EPS of $6.76, up 5.79%, and revenue of $2 billion, up 13.43%. The stock trades at a forward P/E of 10.95 versus the industry average of 12.99 and carries a PEG ratio of 0.59 compared with the 1.19 sector norm.
4. Analyst Rank and Industry Position
Wix.com holds a Zacks Rank #3 (Hold) with no recent EPS estimate revisions, while the Computers - IT Services industry ranks in the top 33% with a Zacks Industry Rank of 79, reflecting moderate analyst confidence and sector momentum.