Online freelance marketplace Fiverr (NYSE: FVRR) will be reporting earnings tomorrow morning. Here’s what you need to know.
Fiverr beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $103.7 million, up 13.3% year on year. It was a slower quarter for the company, with a decline in its buyers and EBITDA guidance for next quarter missing analysts’ expectations significantly. It reported 3.63 million active buyers, down 9.9% 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 13.5% year on year to $106.1 million, improving from the 6.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.59 per share.
Analysts covering the company have generally 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 Q1 results, giving us a hint as to what we can expect. Upwork posted flat year-on-year revenue, beating analysts’ expectations by 2.2%, and EverQuote reported revenues up 83%, topping estimates by 5.2%.
Read our full analysis of Upwork’s results here and EverQuote’s results here.
There has been positive sentiment among investors in the consumer internet segment, with share prices up 17.5% on average over the last month. Fiverr is up 12.4% during the same time and is heading into earnings with an average analyst price target of $34.56 (compared to the current share price of $26.32).
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