Fastly Inc expected to post a loss of 8 cents a share - Earnings Preview

Fastly

06/08/2024 03:01

* Fastly Inc  FSLY.N   FSLY.K  is expected to show a rise in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The San Francisco California-based  company is expected to
report a 7.1% increase in revenue to $131.574 million from
$122.83 million a year ago, according to the mean estimate from
11 analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue between
$130.00 million and $134.00 million.
    * ​LSEG's mean analyst estimate for Fastly Inc is for a loss
of 8
cents per share. The company's EPS guidance on May 1 2024, for
the period ended June 30, was between $-0.10 and $-0.06 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 9
"hold" and 1 "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
$10.00​, above​ its last closing price of $7.09. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD-16
million and USD-12 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   -0.06       -0.06      -0.05     Beat    21.7
 Jan. 1 0001   -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.        -0.10       -0.10      -0.09     Beat    10.8
 31 2023                                                
 Dec. 31 2022  -0.13       -0.13      -0.08     Beat    37.2​
 Sep. 30 2022  -0.17       -0.17      -0.14     Beat    17.2
 Jan. 1 0001   -0.17       -0.17      -0.23     Missed  -37.9
 This summary was machine generated August 6 at 02:01 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)