Fiverr(US:FVRR) ZACKS·2024-09-26 23:21Core Insights - Fiverr International (FVRR) experienced a closing price of $25.36, reflecting a -1.78% change from the previous trading day, underperforming compared to the S&P 500's gain of 0.4% [1] - Over the past month, Fiverr's shares have increased by 6.34%, surpassing the Retail-Wholesale sector's gain of 5.71% and the S&P 500's gain of 1.71% [1] Earnings Performance - Fiverr is expected to report an EPS of $0.62, indicating a growth of 12.73% compared to the same quarter last year [2] - The projected revenue for the upcoming earnings release is $96.37 million, which represents a 4.15% increase from the previous year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $2.36 per share, reflecting a growth of 21.03% year-over-year [3] - Revenue for the fiscal year is estimated to be $385.29 million, indicating a 6.62% increase from the prior year [3] Analyst Estimates - Recent changes to analyst estimates for Fiverr are important as they reflect the shifting dynamics of the company's business patterns [4] - Positive estimate revisions are indicative of analyst optimism regarding Fiverr's business and profitability [4] Share Price Momentum - Research indicates that estimate revisions are correlated with near-term share price momentum, which investors can leverage using the Zacks Rank system [5] - The Zacks Rank system has a history of outperforming, with 1 stocks returning an average annual gain of +25% since 1988 [6] Current Valuation - Fiverr is currently trading at a Forward P/E ratio of 10.93, which is a discount compared to the industry's average Forward P/E of 21.32 [7] - The Internet - Commerce industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 67, placing it in the top 27% of over 250 industries [7] Industry Performance - The Zacks Industry Rank measures the strength of individual industry groups, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8]