Earnings To Watch: Fiverr Reports Q4 Results Tomorrow

Jabin Bastian /
2022/02/16 6:03 am EST
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Online freelance marketplace Fiverr (NYSE: FVRR) will be reporting earnings tomorrow before the bell. Here's what investors should know.

Last quarter Fiverr reported revenues of $74.3 million, up 41.9% year on year, beating analyst revenue expectations by 4.52%. It was an impressive quarter for the company, with growing number of users and a very optimistic guidance for the next quarter. The company reported 4.1 million active buyers, up 32.2% year on year.

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 37.3% year on year to $76.8 million, slowing down from the 89.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 per share.

Fiverr Total Revenue

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 has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 6.88%.

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. Upwork (NASDAQ:UPWK) delivered top-line growth of 28.9% year on year, beating analyst estimates by 3.6% and Lyft (NASDAQ: LYFT) reported revenues up 70.1% year on year, exceeding estimates by 3.08%. Upwork traded down 13% on results due to growing marketing spend, Lyft was up 6.62%. Read our full analysis of Lyft's results here.

Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks up on average 1.06% over the last month. Fiverr is up 4.54% during the same time, and is heading into the earnings with analyst price target of $168.8, compared to share price of $85.4.

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The author has no position in any of the stocks mentioned.