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Fiverr International (FVRR) Suffers a Larger Drop Than the General Market: Key Insights
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Fiverr International (FVRR - Free Report) closed the most recent trading day at $27.77, moving -3.21% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.07% for the day. Elsewhere, the Dow lost 0.37%, while the tech-heavy Nasdaq added 0.03%.
Shares of the online marketplace for freelance services witnessed a loss of 10.85% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 1.87%, and the S&P 500's gain of 3.94%.
The investment community will be closely monitoring the performance of Fiverr International in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.72, reflecting a 24.14% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $107.67 million, showing a 13.74% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.82 per share and a revenue of $433.23 million, demonstrating changes of +18.49% and +10.67%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Fiverr International. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Fiverr International is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Fiverr International currently has a Forward P/E ratio of 10.19. This denotes a discount relative to the industry average Forward P/E of 25.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
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Fiverr International (FVRR) Suffers a Larger Drop Than the General Market: Key Insights
Fiverr International (FVRR - Free Report) closed the most recent trading day at $27.77, moving -3.21% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.07% for the day. Elsewhere, the Dow lost 0.37%, while the tech-heavy Nasdaq added 0.03%.
Shares of the online marketplace for freelance services witnessed a loss of 10.85% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 1.87%, and the S&P 500's gain of 3.94%.
The investment community will be closely monitoring the performance of Fiverr International in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.72, reflecting a 24.14% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $107.67 million, showing a 13.74% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.82 per share and a revenue of $433.23 million, demonstrating changes of +18.49% and +10.67%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Fiverr International. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Fiverr International is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Fiverr International currently has a Forward P/E ratio of 10.19. This denotes a discount relative to the industry average Forward P/E of 25.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 62, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.