Online freelance marketplace Fiverr (NYSE: FVRR) will be reporting earnings this Wednesday before the bell. Here’s what you need to know.
Fiverr beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $107.2 million, up 14.6% year on year. It was a slower quarter for the company, with a decline in its buyers and a slight miss of analysts’ number of active buyers estimates. It reported 3.54 million active buyers, down 11.6% 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 13.7% year on year to $107.7 million, improving from the 5.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.65 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 Q2 results, giving us a hint as to what we can expect. Alphabet delivered year-on-year revenue growth of 13.8%, beating analysts’ expectations by 2.6%, and Coursera reported revenues up 9.8%, topping estimates by 3.7%. Alphabet’s stock price was unchanged after the resultswhile Coursera was up 36.2%.
Read our full analysis of Alphabet’s results here and Coursera’s results here.
There has been positive sentiment among investors in the consumer internet segment, with share prices up 4.7% on average over the last month. Fiverr is down 13.4% during the same time and is heading into earnings with an average analyst price target of $36.56 (compared to the current share price of $25.40).
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