Fiverr International (FVRR) closed the most recent trading day at $11.12, moving +2.87% from the previous trading session. This change outpaced the S&P 500's 0.72% gain on the day. On the other hand, the Dow registered a gain of 0.3%, and the technology-centric Nasdaq increased by 1.12%.
Shares of the online marketplace for freelance services have appreciated by 5.57% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 0.64%, and the S&P 500's loss of 0.9%.
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 $0.52, showcasing a 24.64% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $100.38 million, down 7.61% from the year-ago period.
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.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Fiverr International. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 has shifted 7.83% upward. Fiverr International presently features a Zacks Rank of #3 (Hold).
Investors should also note Fiverr International's current valuation metrics, including its Forward P/E ratio of 4.94. This expresses a discount compared to the average Forward P/E of 17.68 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 31% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Fiverr International (FVRR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).