We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Fiverr International (FVRR) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
In the latest close session, Fiverr International (FVRR - Free Report) was down 2% at $16.16. This change lagged the S&P 500's 0.03% gain on the day. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.28%.
Heading into today, shares of the online marketplace for freelance services had lost 17.43% over the past month, lagging the Retail-Wholesale sector's gain of 4.8% and the S&P 500's gain of 0.6%.
The investment community will be paying close attention to the earnings performance of Fiverr International in its upcoming release. The company is forecasted to report an EPS of $0.76, showcasing a 18.75% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $108.71 million, indicating a 4.86% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.9 per share and revenue of $432.45 million, indicating changes of +21.85% and 0%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Fiverr International. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection remained stagnant. Fiverr International currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Fiverr International is presently being traded at a Forward P/E ratio of 5.42. For comparison, its industry has an average Forward P/E of 17.45, which means Fiverr International is trading at a discount to the group.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 20% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Fiverr International (FVRR) Stock Dips While Market Gains: Key Facts
In the latest close session, Fiverr International (FVRR - Free Report) was down 2% at $16.16. This change lagged the S&P 500's 0.03% gain on the day. Elsewhere, the Dow saw a downswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.28%.
Heading into today, shares of the online marketplace for freelance services had lost 17.43% over the past month, lagging the Retail-Wholesale sector's gain of 4.8% and the S&P 500's gain of 0.6%.
The investment community will be paying close attention to the earnings performance of Fiverr International in its upcoming release. The company is forecasted to report an EPS of $0.76, showcasing a 18.75% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $108.71 million, indicating a 4.86% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.9 per share and revenue of $432.45 million, indicating changes of +21.85% and 0%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Fiverr International. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection remained stagnant. Fiverr International currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Fiverr International is presently being traded at a Forward P/E ratio of 5.42. For comparison, its industry has an average Forward P/E of 17.45, which means Fiverr International is trading at a discount to the group.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 20% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.