Fiverr International (FVRR) Set to Announce Quarterly Earnings on Wednesday

Fiverr International (NYSE:FVRR) is scheduled to be announcing its earnings results before the market opens on Wednesday, July 31st. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Fiverr International has set its Q2 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Fiverr International (NYSE:FVRR) last posted its earnings results on Thursday, May 9th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.05). The firm had revenue of $93.52 million during the quarter, compared to the consensus estimate of $92.45 million. Fiverr International had a net margin of 2.38% and a return on equity of 4.87%. On average, analysts expect Fiverr International to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Fiverr International Stock Performance

NYSE:FVRR opened at $22.29 on Tuesday. The stock’s 50-day moving average is $23.53 and its 200-day moving average is $23.50. Fiverr International has a 1-year low of $18.83 and a 1-year high of $34.49. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 1.23. The stock has a market cap of $861.51 million, a P/E ratio of 101.32 and a beta of 1.71.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FVRR. Needham & Company LLC reissued a “buy” rating and set a $33.00 target price on shares of Fiverr International in a report on Thursday, May 9th. BTIG Research decreased their price objective on Fiverr International from $30.00 to $28.00 and set a “buy” rating for the company in a report on Thursday, April 18th. The Goldman Sachs Group raised their target price on Fiverr International from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, UBS Group lowered Fiverr International from a “buy” rating to a “neutral” rating and reduced their price target for the company from $37.00 to $25.00 in a research report on Tuesday, July 2nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.09.

About Fiverr International

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.