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Fiverr International (FVRR) Stock Dips While Market Gains: Key Facts
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In the latest trading session, Fiverr International (FVRR - Free Report) closed at $8.74, marking a -2.46% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.
Heading into today, shares of the online marketplace for freelance services had lost 3.45% over the past month, outpacing the Retail-Wholesale sector's loss of 8.01% and lagging the S&P 500's loss of 2.85%.
Investors will be eagerly watching for the performance of Fiverr International in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.36, signifying a 53.25% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $84.48 million, indicating a 21.71% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.83 per share and a revenue of $367.63 million, signifying shifts of -37.97% and -14.69%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Fiverr International. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Fiverr International is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Fiverr International's current valuation metrics, including its Forward P/E ratio of 4.96. This indicates a discount in contrast to its industry's Forward P/E of 16.56.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 165, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Fiverr International (FVRR) Stock Dips While Market Gains: Key Facts
In the latest trading session, Fiverr International (FVRR - Free Report) closed at $8.74, marking a -2.46% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 1.14%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq gained 1.69%.
Heading into today, shares of the online marketplace for freelance services had lost 3.45% over the past month, outpacing the Retail-Wholesale sector's loss of 8.01% and lagging the S&P 500's loss of 2.85%.
Investors will be eagerly watching for the performance of Fiverr International in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.36, signifying a 53.25% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $84.48 million, indicating a 21.71% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.83 per share and a revenue of $367.63 million, signifying shifts of -37.97% and -14.69%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Fiverr International. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Fiverr International is holding a Zacks Rank of #4 (Sell) right now.
Investors should also note Fiverr International's current valuation metrics, including its Forward P/E ratio of 4.96. This indicates a discount in contrast to its industry's Forward P/E of 16.56.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 165, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.