Why Fiverr International (FVRR) Dipped More Than Broader Market Today

Group 1 - Fiverr International's stock closed at $23.51, down 2.12%, underperforming the S&P 500 which lost 0.38% [1] - Over the past month, Fiverr's stock has decreased by 0.78%, while the Retail-Wholesale sector declined by 2.39% and the S&P 500 increased by 4.06% [1] Group 2 - The upcoming EPS for Fiverr is projected at $0.7, reflecting a 9.38% increase year-over-year, with quarterly revenue expected to be $108.04 million, up 8.44% from the previous year [2] Group 3 - For the entire year, earnings are forecasted at $2.8 per share and revenue at $432.78 million, indicating increases of 17.65% and 10.55% respectively compared to the previous year [3] - Recent analyst estimate changes suggest optimism regarding Fiverr's business and profitability [3] Group 4 - Revisions in estimates are correlated with stock price performance, and the Zacks Rank model incorporates these changes for actionable insights [4] Group 5 - Fiverr currently holds a Zacks Rank of 1 (Strong Buy), with a recent upward shift of 5.69% in the consensus EPS estimate [5] Group 6 - Fiverr's Forward P/E ratio is 8.59, significantly lower than the industry average of 21.5, indicating a valuation discount [6] - The Internet - Commerce industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 38, placing it in the top 16% of over 250 industries [6]