Fiverr International (FVRR) closed at $17.07 in the latest trading session, marking a -1.22% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.26%. Elsewhere, the Dow saw an upswing of 0.6%, while the tech-heavy Nasdaq appreciated by 0.25%.
The online marketplace for freelance services's stock has dropped by 13.3% in the past month, falling short of the Retail-Wholesale sector's gain of 3.96% and the S&P 500's gain of 1.57%.
The upcoming earnings release of Fiverr International will be of great interest to investors. The company is forecasted to report an EPS of $0.76, showcasing a 18.75% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $108.71 million, showing a 4.86% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.9 per share and a revenue of $432.45 million, representing changes of +21.85% and 0%, 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. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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, there's been no change in the Zacks Consensus EPS estimate. Fiverr International presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Fiverr International is at present trading with a Forward P/E ratio of 5.67. This denotes a discount relative to the industry average Forward P/E of 17.27.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 174, positioning it in the bottom 29% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming 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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