Online freelance marketplace Fiverr (NYSE:FVRR) will be reporting results tomorrow before market hours. Here's what to look for.
Last quarter Fiverr reported revenues of $89.4 million, up 5.1% year on year, in line with analyst expectations. It was a weak quarter for the company, with slow revenue growth. In addition, the total number of active buyers was flat year on year.
Is Fiverr buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Fiverr's revenue to grow 10.4% year on year to $91.1 million, in line with the 11.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.46 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.
Looking at Fiverr's peers in the consumer internet segment, some of them have already reported Q3 earnings results, giving us a hint what we can expect. Angi's revenues decreased 25.3% year on year, missing analyst estimates by 1.7% and Uber (NYSE:UBER) reported revenues up 11.4% year on year, missing analyst estimates by 2.6%. Angi traded up 3% after the results, and Uber was flat on the results.
Read the full analysis of Angi's and Uber's results on StockStory.
Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks up on average 1.9% over the last month. Fiverr is down 4.4% during the same time, and is heading into the earnings with analyst price target of $40.5, compared to share price of $24.5.
The author has no position in any of the stocks mentioned.
