In the latest close session, Fiverr International (FVRR) was down 4.75% at $23.25. This change lagged the S&P 500's 0.34% gain on the day. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw an increase of 0.42%.
The stock of online marketplace for freelance services has risen by 5.63% in the past month, leading the Retail-Wholesale sector's gain of 0.41% and the S&P 500's gain of 3.54%.
The investment community will be paying close attention to the earnings performance of Fiverr International in its upcoming release. The company is predicted to post an EPS of $0.7, indicating a 9.38% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $108.04 million, indicating a 8.44% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.8 per share and revenue of $432.78 million. These totals would mark changes of +17.65% and +10.55%, respectively, from last year.
Investors should also note any recent changes to 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has shifted 5.69% upward. Right now, Fiverr International possesses 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 8.73 right now. This signifies a discount in comparison to the average Forward P/E of 21.2 for its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 47, finds itself in the top 20% echelons 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.
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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