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Why Fiverr International (FVRR) Outpaced the Stock Market Today
FiverrFiverr(US:FVRR) ZACKSยท2024-10-02 23:20

Core Insights - Fiverr International (FVRR) closed at $24.50, reflecting a +0.99% increase, outperforming the S&P 500's 0.01% gain [1] - Over the past month, Fiverr's shares increased by 1.21%, underperforming the Retail-Wholesale sector's gain of 5.59% [1] Earnings Performance - Upcoming earnings disclosure is expected to show an EPS of $0.62, a 12.73% increase year-over-year [2] - Revenue is projected at $96.37 million, indicating a 4.15% rise from the same quarter last year [2] - For the entire year, earnings are forecasted at $2.36 per share and revenue at $385.29 million, reflecting increases of +21.03% and +6.62% respectively [3] Analyst Projections - Recent shifts in analyst projections for Fiverr are important to monitor, as they reflect short-term business dynamics [4] - Positive estimate revisions suggest a favorable outlook on the company's business health and profitability [4] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Fiverr International at 3 (Hold) [6] - Fiverr's Forward P/E ratio is 10.27, significantly lower than the industry average of 22.58 [7] - The Internet - Commerce industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 72, placing it in the top 29% of over 250 industries [7]