In the latest trading session, Fiverr International (FVRR) closed at $18.14, marking a -1.09% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.65%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 0.82%.
Shares of the online marketplace for freelance services witnessed a loss of 12.42% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 4.29%, and the S&P 500's gain of 1.15%.
The upcoming earnings release of Fiverr International will be of great interest to investors. The company is expected to report EPS of $0.76, up 18.75% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $108.71 million, showing a 4.86% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.9 per share and revenue of $432.45 million, indicating changes of +21.85% and 0%, respectively, compared to the previous 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Fiverr International possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Fiverr International currently has a Forward P/E ratio of 6.02. This expresses a discount compared to the average Forward P/E of 17.8 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 106, this industry ranks in the top 44% of all industries, numbering over 250.
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.
To follow FVRR in the coming trading sessions, be sure to utilize 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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