Online freelance marketplace Fiverr (NYSE:FVRR) will be reporting results tomorrow before market hours. Here’s what to look for.
Fiverr met analysts’ revenue expectations last quarter, reporting revenues of $94.66 million, up 5.9% year on year. It was a softer quarter for the company, with a miss of analysts’ buyer estimates. It reported 3.89 million active buyers, down 7.9% 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 4.2% year on year to $96.39 million, slowing from the 12.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 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 twice over the last two years.
Looking at Fiverr’s peers in the consumer internet segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Netflix delivered year-on-year revenue growth of 15%, meeting analysts’ expectations, and Coursera reported revenues up 6.4%, topping estimates by 1.2%. Netflix traded up 11.1% following the results while Coursera was down 9.7%.
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 1.9% on average over the last month. Fiverr is down 4.6% during the same time and is heading into earnings with an average analyst price target of $31.50 (compared to the current share price of $24.67).
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