Why Fiverr's Stock Dropped 24% on Thursday

Motley Fool2021-08-06

The second quarter was great, but guidance left a lot to be desired for investors. Key Points Growth was a whopping 60% last quarter at Fiverr. Guidance indicates that growth may have stalled out as ...

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Comment（6）

lexxselrahc
·2021-08-07
Long term is the operative
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1
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Jaminwu
·2021-08-06
drop more
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1
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JoeKun
·2021-08-06
Ok
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5
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- 小小爆米花:
  ya
  2021-08-06
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sunshinegirl
·2021-08-06
Ok
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6
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chaisiewling
·2021-08-06
Like
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- cozyli:
  done pls like back
  2021-08-06
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- chaisiewling:
  Like
  2021-08-06
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Darrencwj
·2021-08-06
Like pls
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7
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- Jaminwu:
  ok
  2021-08-06
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- ZEROHERO:
  Done
  2021-08-06
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Revenue jumped 60% compared to a year ago to $75.3 million, gross margin was an incredible 83.4%, and non-generally accepted accounting principles (GAAP) net income was $7.9 million, or $0.19 per share. Analysts were expecting revenue of $74.8 million and earnings of $0.14 per share.\nIMAGE SOURCE: GETTY IMAGES.\nResults looked great, so why is the stock down? The answer comes down to guidance. Management expects revenue in Q3 2021 to be $68 million to $72 million, down from Q2, and growth of just 30% to 38% versus a year ago. Management said the relatively weak results are the result of more normal business activity and less remote work, which is hurting the freelance market.\nNow what\nThis is a short-term hit to Fiverr, and it makes sense the stock is down big given the fact the company has a market cap of $6.3 billion and expects revenue of just $280 million to $288 million this year. 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