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) Increases Despite Market Slip: Here's What You Need to Know
Read MoreHide Full Article
The latest trading session saw Fiverr International (FVRR - Free Report) ending at $23.51, denoting a +1.73% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.76% for the day. Meanwhile, the Dow experienced a drop of 0.75%, and the technology-dominated Nasdaq saw a decrease of 1.01%.
The online marketplace for freelance services's stock has dropped by 7.23% in the past month, falling short of the Retail-Wholesale sector's gain of 3.42% and the S&P 500's gain of 4.31%.
Analysts and investors alike will be keeping a close eye on the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings report is set to go public on October 30, 2024. The company is predicted to post an EPS of $0.62, indicating a 12.73% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $96.37 million, showing a 4.15% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.36 per share and revenue of $385.29 million, which would represent changes of +21.03% and +6.62%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Fiverr International. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Fiverr International holds a Zacks Rank of #3 (Hold).
In terms of valuation, Fiverr International is currently trading at a Forward P/E ratio of 9.78. This represents a discount compared to its industry's average Forward P/E of 21.8.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 59, this industry ranks in the top 24% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Fiverr International (FVRR) Increases Despite Market Slip: Here's What You Need to Know
The latest trading session saw Fiverr International (FVRR - Free Report) ending at $23.51, denoting a +1.73% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 0.76% for the day. Meanwhile, the Dow experienced a drop of 0.75%, and the technology-dominated Nasdaq saw a decrease of 1.01%.
The online marketplace for freelance services's stock has dropped by 7.23% in the past month, falling short of the Retail-Wholesale sector's gain of 3.42% and the S&P 500's gain of 4.31%.
Analysts and investors alike will be keeping a close eye on the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings report is set to go public on October 30, 2024. The company is predicted to post an EPS of $0.62, indicating a 12.73% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $96.37 million, showing a 4.15% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.36 per share and revenue of $385.29 million, which would represent changes of +21.03% and +6.62%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Fiverr International. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Fiverr International holds a Zacks Rank of #3 (Hold).
In terms of valuation, Fiverr International is currently trading at a Forward P/E ratio of 9.78. This represents a discount compared to its industry's average Forward P/E of 21.8.
The Internet - Commerce industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 59, this industry ranks in the top 24% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.