In the latest close session, Fiverr International (FVRR) was down 2% at $16.16. This change lagged the S&P 500's 0.03% gain on the day. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.28%.
Heading into today, shares of the online marketplace for freelance services had lost 17.43% over the past month, lagging the Retail-Wholesale sector's gain of 4.8% and the S&P 500's gain of 0.6%.
The investment community will be paying close attention to the earnings performance of Fiverr International in its upcoming release. 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. Alongside, our most recent consensus estimate is anticipating revenue of $108.71 million, indicating a 4.86% upward movement from the same quarter last year.
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 take note of any recent adjustments to analyst estimates for Fiverr International. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Fiverr International currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Fiverr International is presently being traded at a Forward P/E ratio of 5.42. For comparison, its industry has an average Forward P/E of 17.45, which means Fiverr International is trading at a discount to the group.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 20% of all 250+ industries.
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.
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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