Wix.Com Ltd (WIX) is set to deliver its third-quarter results on Wednesday, and analysts at Benchmark are expecting a mixed bag—revenues slightly below the Street's expectations, but stronger-than-expected gross profit margins.

What The Numbers Look Like

Analyst Mark Zgutowicz, who keeps a Buy rating and $230 price target on the Israeli software company, expects revenues to come in at $501 million, just shy of the $503 million consensus. But he's looking for non-GAAP gross profit of $347 million, edging past the $346 million consensus estimate.

The more interesting take here? Zgutowicz thinks the market has already absorbed the bad news. "The near-term competitive and fundamental risks that Wix.Com faces are more than priced into the shares," he wrote.

Currency Winds Shifting

Here's where things get technical: While Wix hasn't updated its 2025 constant currency bookings growth guidance of 13%-15%, forex headwinds morphed into tailwinds during the second quarter. That shift could push the company to revise its bookings constant currency growth guidance down to 11%-13%, Zgutowicz noted.

He also flagged that his fourth-quarter and 2026 operating income estimates run about 8% and 6% below consensus, respectively.

WIX Price Action: Shares of Wix.Com had risen 0.59% to $125.20 at the time of publication on Tuesday.