Fastly Inc expected to post a loss of 6 cents a share - Earnings Preview

Fastly

30/04/2024 01:25

* Fastly Inc  FSLY.N   FSLY.K  is expected to show a rise in
quarterly revenue when it reports  results on May 1 for the
period ending March 31 2024
    * The San Francisco California-based  company is expected to
report a 13.2% increase in revenue to $133.109 million from
$117.56 million a year ago, according to the mean estimate from
11 analysts, based on LSEG data.The company's guidance on
February 14 2024, for the period ended March 31, was for revenue
between 131.00 million and 135.00 million.
    * ​LSEG's mean analyst estimate for Fastly Inc is for a loss
of 6
cents per share. The company's EPS guidance on February 14 2024,
for the period ended March 31, was between -0.09 and -0.05 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Fastly Inc
is
$20.00​, above​ its last closing price of $12.97. ​​​

The company's guidance on February 14 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between -14
million and -10 million.The company's guidance on February 14
2024 for the period ended March 31 was for gross profit margin
between 56.14% and 57.14%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.01       -0.02      0.01      Beat    150.2
 Sep. 30 2023  -0.08       -0.08      -0.06     Beat    20.7
 Jun. 30 2023  -0.10       -0.10      -0.04     Beat    60​
 Mar. 31 2023  -0.10       -0.10      -0.09     Beat    10.8
 ​​Dec.        -0.13       -0.13      -0.08     Beat    37.2
 31 2022                                                
 Sep. 30 2022  -0.17       -0.17      -0.14     Beat    17.2​
 Jun. 30 2022  -0.17       -0.17      -0.23     Missed  -37.9
 Mar. 31 2022  -0.14       -0.14      -0.15     Missed  -5.1
 This summary was machine generated April 30 at 00:25 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)