Earnings To Watch: Fiverr (FVRR) Reports Q4 Results Tomorrow
Online freelance marketplace Fiverr (NYSE:FVRR) will be reporting results tomorrow before market hours. Here's what you need to know.
Last quarter Fiverr reported revenues of $92.53 million, up 12.1% year on year, beating analyst revenue expectations by 1.5%. It was a weaker quarter for the company, with underwhelming revenue guidance for the next quarter and slow revenue growth.
Is Fiverr buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Fiverr's revenue to grow 11.3% year on year to $92.55 million, improving on the 4.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.49 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 gig economy segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Angi's revenues decreased 27.3% year on year, missing analyst estimates by 2.8% and Uber reported revenues up 15.4% year on year, exceeding estimates by 1.8%. Angi traded up 7.0% on the results, Uber was up 1.2%.
Read our full analysis of Angi's results here and Uber's results here.
Investors in the gig economy segment have had steady hands going into the earnings, with the stocks up on average 1.7% over the last month. Fiverr is down 4.5% during the same time, and is heading into the earnings with analyst price target of $36.2, compared to share price of $26.6.
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