Fiverr International (FVRR) closed at $10.07 in the latest trading session, marking a -2.23% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.62%. Elsewhere, the Dow lost 1.87%, while the tech-heavy Nasdaq lost 1.98%.
Heading into today, shares of the online marketplace for freelance services had lost 5.59% over the past month, outpacing the Retail-Wholesale sector's loss of 6.71% and lagging the S&P 500's loss of 0.03%.
The investment community will be paying close attention to the earnings performance of Fiverr International in its upcoming release. In that report, analysts expect Fiverr International to post earnings of $0.52 per share. This would mark a year-over-year decline of 24.64%. In the meantime, our current consensus estimate forecasts the revenue to be $100.42 million, indicating a 7.58% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.14 per share and revenue of $403.06 million, which would represent changes of -27.46% and -6.46%, respectively, from the prior 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
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.
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 past month, there's been no change in the Zacks Consensus EPS estimate. Fiverr International is currently sporting a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Fiverr International is currently trading at a Forward P/E ratio of 4.82. This expresses a discount compared to the average Forward P/E of 16.72 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 150, this industry ranks in the bottom 39% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Fiverr International (FVRR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).