In the latest close session, Fiverr International (FVRR) was down 2.81% at $26.25. This change lagged the S&P 500's daily loss of 0.4%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, added 0.18%.
The online marketplace for freelance services's shares have seen a decrease of 9.61% over the last month, not keeping up with the Retail-Wholesale sector's gain of 4.14% and the S&P 500's gain of 4.97%.
The upcoming earnings release of Fiverr International will be of great interest to investors. It is anticipated that the company will report an EPS of $0.72, marking a 24.14% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $107.67 million, up 13.74% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.82 per share and a revenue of $433.23 million, representing changes of +18.49% and +10.67%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Fiverr International. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Fiverr International currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Fiverr International is currently being traded at a Forward P/E ratio of 9.6. This signifies a discount in comparison to the average Forward P/E of 21.92 for its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 66, placing it within the top 27% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Fiverr International (FVRR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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