Fiverr International (FVRR) Surpasses Market Returns: Some Facts Worth Knowing

In the latest trading session, Fiverr International (FVRR) closed at $10.28, marking a +2.49% move from the previous day. This move outpaced the S&P 500's daily gain of 0.44%. On the other hand, the Dow registered a gain of 0.36%, and the technology-centric Nasdaq increased by 0.54%.

Shares of the online marketplace for freelance services have depreciated by 11.47% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 2.57%, and the S&P 500's loss of 3.31%.

Market participants will be closely following the financial results of Fiverr International in its upcoming release. The company is forecasted to report an EPS of $0.63, showcasing a 1.56% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $104.35 million, showing a 2.64% drop compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $2.22 per share and revenue of $403.62 million, which would represent changes of -24.75% and -6.33%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for Fiverr International. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Fiverr International boasts a Zacks Rank of #5 (Strong Sell).

With respect to valuation, Fiverr International is currently being traded at a Forward P/E ratio of 4.52. This represents a discount compared to its industry average Forward P/E of 15.87.

The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 164, this industry ranks in the bottom 33% of all industries, numbering over 250.

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.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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