In the latest trading session, Fiverr International (FVRR) closed at $8.52, marking a -1.73% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.76%. Meanwhile, the Dow experienced a drop of 0.68%, and the technology-dominated Nasdaq saw a decrease of 1.13%.
Heading into today, shares of the online marketplace for freelance services had lost 9.5% over the past month, lagging the Retail-Wholesale sector's loss of 3.45% and the S&P 500's gain of 1.26%.
The upcoming earnings release of Fiverr International will be of great interest to investors. It is anticipated that the company will report an EPS of $0.36, marking a 53.25% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $84.48 million, reflecting a 21.71% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.83 per share and a revenue of $367.63 million, demonstrating changes of -37.97% and -14.69%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Fiverr International. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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, the Zacks Consensus EPS estimate remained stagnant. Fiverr International is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Fiverr International is holding a Forward P/E ratio of 4.74. This valuation marks a discount compared to its industry average Forward P/E of 16.22.
The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 157, placing it within the bottom 37% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Fiverr International (FVRR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).