Fiverr International (FVRR) ended the recent trading session at $9.86, demonstrating a -2.09% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 1.75%. Meanwhile, the Dow gained 1.86%, and the Nasdaq, a tech-heavy index, added 2.54%.
Heading into today, shares of the online marketplace for freelance services had lost 5.8% over the past month, outpacing the Retail-Wholesale sector's loss of 7.51% and lagging the S&P 500's loss of 1.63%.
Analysts and investors alike will be keeping a close eye on 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 $100.42 million, indicating a 7.58% decrease compared to the same quarter of the previous year.
FVRR's full-year Zacks Consensus Estimates are calling for earnings of $2.14 per share and revenue of $403.06 million. These results would represent year-over-year changes of -27.46% and -6.46%, respectively.
Any recent changes to analyst estimates for Fiverr International should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Fiverr International presently features a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Fiverr International is holding a Forward P/E ratio of 4.72. For comparison, its industry has an average Forward P/E of 16.22, which means Fiverr International is trading at a discount to the group.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 148, positioning it in the bottom 40% of all 250+ industries.
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.
To follow FVRR in the coming trading sessions, be sure to utilize Zacks.com.
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Fiverr International (FVRR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).