In the latest trading session, Fiverr International (FVRR) closed at $24.41, marking a -3.75% move from the previous day. This change lagged the S&P 500's 0.41% gain on the day. Elsewhere, the Dow gained 0.18%, while the tech-heavy Nasdaq added 0.31%.
Shares of the online marketplace for freelance services have appreciated by 7.69% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 1.09%, and the S&P 500's gain of 3.15%.
Market participants will be closely following the financial results of Fiverr International in its upcoming release. The company is expected to report EPS of $0.7, up 9.38% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $108.04 million, indicating a 8.44% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.8 per share and revenue of $432.78 million, which would represent changes of +17.65% and +10.55%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Fiverr International. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.69% higher. Fiverr International currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Fiverr International has a Forward P/E ratio of 9.07 right now. This expresses a discount compared to the average Forward P/E of 21.72 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 40, positioning it in the top 17% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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