Wix.com Ltd (NASDAQ: WIX) is slated to report second-quarter 2024 results on Aug 7. The company expects revenues to be between $431 million and $435 million, implying 11-12% growth from the prior-year quarter's reported figure. The Zacks Consensus Estimate is pegged at $433.6 million, indicating an increase of 11.2% from a year ago. The Zacks Consensus Estimate for earnings is pegged at $1.32 per share, up 4.8% from the year-earlier quarter's level. WIX's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 56.5%. The company's shares have risen 56% compared with the sub-industry's growth of 12.2% in the past year. Image Source: Zacks Investment Research Factors to Consider Increasing adoption of the product portfolio, especially various AI products, is likely to have driven revenues in the to-be-reported quarter. Among AI products, in the last reported quarter, management highlighted that its key offering — AI Website Builder — received strong responses from Self Creators and Partners. This solution created a professional website that meets the user's requirements through a conversational AI chat experience. Strengthening momentum in WIX Studio is another tailwind. In the last reported quarter, management noted that more than 1 million Studio accounts have been created by agencies and designers since the rollout of WIX Studio in August 2023. It also contributed to strong revenue growth from the Partners business. Average revenues per subscription are likely to have been driven by an expansive product portfolio and strong commerce growth. Increasing revenues from B2B businesses are an added positive. WIX expects higher bookings, favorable gross margin ...