Fiverr International (FVRR) Meets Q2 Earnings Estimates

Company Performance - Fiverr reported quarterly earnings of $0.58 per share, matching the Zacks Consensus Estimate, and an increase from $0.49 per share a year ago [6] - The company posted revenues of $94.66 million for the quarter ended June 2024, slightly missing the Zacks Consensus Estimate by 0.03%, but showing growth from $89.39 million year-over-year [1] - Over the last four quarters, Fiverr has surpassed consensus EPS estimates two times [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.60 on revenues of $97.94 million, and for the current fiscal year, it is $2.31 on revenues of $384.67 million [11] - The estimate revisions trend for Fiverr is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [3] Industry Context - The Internet - Commerce industry, to which Fiverr belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [4] - BigCommerce, another company in the same industry, is expected to report quarterly earnings of $0.03 per share, reflecting a year-over-year change of +250% [12] Stock Performance - Fiverr shares have declined approximately 19.6% since the beginning of the year, contrasting with the S&P 500's gain of 14% [9] - The sustainability of Fiverr's stock price movement will largely depend on management's commentary during the earnings call [8]