In the latest close session, Fiverr International (FVRR) was down 3.86% at $22.93. The stock fell short of the S&P 500, which registered a gain of 0.47% for the day. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.94%.
The online marketplace for freelance services's stock has climbed by 6.62% in the past month, exceeding the Retail-Wholesale sector's gain of 3.05% and the S&P 500's gain of 2.32%.
The investment community will be closely monitoring the performance of Fiverr International in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.7, reflecting a 9.38% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $108.55 million, up 8.95% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.76 per share and a revenue of $433.64 million, demonstrating changes of +15.97% and +10.77%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Fiverr International. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Fiverr International is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, Fiverr International currently has a Forward P/E ratio of 8.64. This represents a discount compared to its industry average Forward P/E of 19.7.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 86, this industry ranks in the top 35% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Fiverr International (FVRR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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