Fiverr International (FVRR) closed the latest trading day at $31.80, indicating a -0.69% change from the previous session's end. This change was narrower than the S&P 500's 1.54% loss on the day. At the same time, the Dow lost 1.63%, and the tech-heavy Nasdaq lost 1.63%.
Shares of the online marketplace for freelance services witnessed a loss of 7.05% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 4.27% and the S&P 500's loss of 2.2%.
Investors will be eagerly watching for the performance of Fiverr International in its upcoming earnings disclosure. On that day, Fiverr International is projected to report earnings of $0.69 per share, which would represent year-over-year growth of 23.21%. Our most recent consensus estimate is calling for quarterly revenue of $101.26 million, up 10.66% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Fiverr International. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 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. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Fiverr International possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Fiverr International is currently being traded at a Forward P/E ratio of 11.52. This denotes a discount relative to the industry's average Forward P/E of 20.96.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 88, this industry ranks in the top 36% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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
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