Fiverr International (FVRR) Ascends But Remains Behind Market: Some Facts to Note

In the latest close session, Fiverr International (FVRR) was up +2.04% at $10.02. The stock trailed the S&P 500, which registered a daily gain of 2.91%. Meanwhile, the Dow experienced a rise of 2.49%, and the technology-dominated Nasdaq saw an increase of 3.83%.

Shares of the online marketplace for freelance services witnessed a loss of 6.03% over the previous month, beating the performance of the Retail-Wholesale sector with its loss of 6.46%, and the S&P 500's loss of 7.64%.

Analysts and investors alike will be keeping a close eye on the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.63, reflecting a 1.56% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $104.35 million, down 2.64% from the year-ago period.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.22 per share and revenue of $403.62 million, indicating changes of -24.75% and -6.33%, respectively, compared to the previous year.

Investors should also take note of any recent adjustments to analyst estimates for Fiverr International. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Fiverr International is currently a Zacks Rank #5 (Strong Sell).

In terms of valuation, Fiverr International is presently being traded at a Forward P/E ratio of 4.42. This expresses a discount compared to the average Forward P/E of 15.4 of its industry.

The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 27% 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.

To follow FVRR in the coming trading sessions, be sure to utilize Zacks.com.

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Fiverr International (FVRR): Free Stock Analysis Report

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