In the latest trading session, Fiverr International (FVRR) closed at $9.03, marking a +1.12% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.86%. On the other hand, the Dow registered a gain of 0.98%, and the technology-centric Nasdaq increased by 0.96%.
The stock of online marketplace for freelance services has fallen by 1% in the past month, leading the Retail-Wholesale sector's loss of 9.35% and the S&P 500's loss of 1.96%.
The upcoming earnings release of Fiverr International will be of great interest to investors. On that day, Fiverr International is projected to report earnings of $0.36 per share, which would represent a year-over-year decline of 53.25%. Alongside, our most recent consensus estimate is anticipating revenue of $84.48 million, indicating a 21.71% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.83 per share and revenue of $367.63 million, indicating changes of -37.97% and -14.69%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Fiverr International. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 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 #4 (Sell).
With respect to valuation, Fiverr International is currently being traded at a Forward P/E ratio of 4.88. This denotes a discount relative to the industry average Forward P/E of 16.34.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 103, putting it in the top 42% of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in 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).