Fiverr International (FVRR) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Fiverr International (FVRR) was down 3.21% at $27.77. This move lagged the S&P 500's daily loss of 0.07%. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq appreciated by 0.03%.
The online marketplace for freelance services's shares have seen a decrease of 10.85% over the last month, not keeping up with the Retail-Wholesale sector's gain of 1.87% and the S&P 500's gain of 3.94%.
Market participants will be closely following the financial results of Fiverr International in its upcoming release. It is anticipated that the company will report an EPS of $0.72, marking a 24.14% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $107.67 million, up 13.74% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.82 per share and a revenue of $433.23 million, signifying shifts of +18.49% and +10.67%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Fiverr International. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Fiverr International is currently exchanging hands at a Forward P/E ratio of 10.19. This expresses a discount compared to the average Forward P/E of 25 of its industry.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 62, finds itself in the top 26% echelons of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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This article originally published on Zacks Investment Research (zacks.com).
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