In the latest trading session, Fiverr International (FVRR) closed at $10.10, marking a -4.54% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.01% for the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq lost 0.46%.
The stock of online marketplace for freelance services has fallen by 3.38% in the past month, leading the Retail-Wholesale sector's loss of 5.64% and undershooting the S&P 500's loss of 1.4%.
Investors will be eagerly watching for the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.52, reflecting a 24.64% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $100.38 million, indicating a 7.61% decrease compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.19 per share and revenue of $403.86 million. These totals would mark changes of -25.76% and -6.28%, respectively, from last year.
Investors might also notice recent changes 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 7.83% increase. Right now, Fiverr International possesses a Zacks Rank of #4 (Sell).
In the context of valuation, Fiverr International is at present trading with a Forward P/E ratio of 4.83. This represents a discount compared to its industry average Forward P/E of 17.36.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 104, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).