Yahoo Finance Fiverr Earnings: What To Look For From FVRR
Online freelance marketplace Fiverr (NYSE:FVRR) will be reporting results tomorrow morning. Here's what to look for.
Fiverr beat analysts' revenue expectations by 1.1% last quarter, reporting revenues of $93.52 million, up 6.3% year on year. It was a weaker quarter for the company, with a decline in its buyers and slow revenue growth. It reported 4 million active buyers, down 7% year on year.
Is Fiverr a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Fiverr's revenue to grow 5.9% year on year to $94.66 million, in line with the 5.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Fiverr has missed Wall Street's revenue estimates three times over the last two years.
Looking at Fiverr's peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Netflix delivered year-on-year revenue growth of 16.8%, meeting analysts' expectations, and Coursera reported revenues up 10.8%, topping estimates by 3.5%. Netflix traded down 1.5% following the results while Coursera was up 45.1%.
Read our full analysis of Netflix's results here and Coursera's results here.
Investors in the consumer internet segment have had steady hands going into earnings, with share prices up 2% on average over the last month. Fiverr's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $31.4 (compared to the current share price of $22.33).
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