Fiverr (FVRR) to Report Q2 Earnings: What's in the Cards?

Fiverr International Ltd. FVRR is set to report second-quarter 2020 results on Aug 5.

For the second quarter, Fiverr expects revenues in the range of $35.5-$36.5 million, indicating 37-41% year-over-year growth. The Zacks Consensus Estimate for the same stands at $36.52 million, suggesting growth of 40.9% from the prior-year quarter.

Further, the Zacks Consensus Estimate for second-quarter bottom line is pegged at a loss of 4 cents per share compared with a loss of 19 cents reported in the year-ago quarter.

The company beat estimates in each ofthe trailing four quarters, the average surprise being 43.8%.

Fiverr International Lt. Price and EPS Surprise

Fiverr International Lt. Price and EPS Surprise

Fiverr International Lt. price-eps-surprise | Fiverr International Lt. Quote


Factors to Note

Fiverr’s platform, which connects people offering logo, poster and brochure designing, photoshop editing, content marketing, web analytics, translation and other services with people outsourcing such work to freelancers, might have benefited from the increasing remote working trend owing to coronavirus during the second quarter.

Further, its strong focus on product and technology enhancements is expected to get reflected in the to-be-reported results.

Also, the company’s marketing efficiency courtesy of positive trends in both organic and paid channels may have contributed to the performance in the quarter to be reported.

Moreover, the company’s focus on international expansion might have acted as a tailwind in the to-be-reported quarter. It expanded its global marketplace to two new languages —French and Spanish.

Strong momentum in performance marketing is also expected to have aided the company in acquiring new buyers in the to-be-reported quarter.

Additionally, the launch of four industry stores namely Gaming, E-commerce, Architecture and Politics are likely to have benefited the company in expanding catalog and gaining momentum across larger businesses during the quarter under review.

Furthermore, Fiverr’s accelerated Artificial Intelligence efforts through personalization and customer support might have driven the second-quarter performance.

What Our Model Says

Our proven model does not conclusively predict an earnings beat for Fiverr this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Fiverr has an Earnings ESP of 0.00% and a Zacks Rank #2.

Stocks to Consider

Here are some stocks you may consider, as our proven model shows that thesehave the right combination of elements to post an earnings beat this quarter., Inc. JD has an Earnings ESP of +13.79% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

GoPro, Inc. GPRO has an Earnings ESP of +9.86% and a Zacks Rank #2.

Wayfair, Inc. W has an Earnings ESP of +38.12% and a Zacks Rank of 3.

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