What To Expect From Fiverr’s (FVRR) Q4 Earnings

Online freelance marketplace Fiverr (NYSE:FVRR) will be reporting results tomorrow morning. Here’s what you need to know.

Fiverr beat analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $99.63 million, up 7.7% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates. It reported 3.77 million active buyers, down 9.4% 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 10.7% year on year to $101.3 million, in line with the 10.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 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 three times over the last two years.

Looking at Fiverr’s peers in the gig economy segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Angi’s revenues decreased 10.8% year on year, beating analysts’ expectations by 5.3%, and Uber reported revenues up 20.4%, topping estimates by 1.6%. Angi traded down 4.7% following the results while Uber’s stock price was unchanged.

Read our full analysis of Angi’s results here and Uber’s results here.

There has been positive sentiment among investors in the gig economy segment, with share prices up 9.5% on average over the last month. Fiverr is up 4.7% during the same time and is heading into earnings with an average analyst price target of $35.60 (compared to the current share price of $34.19).

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