Fastly Inc reports results for the quarter ended in March - Earnings Summary

Fastly

02/05/2024 09:22

* Fastly Inc  FSLY.N  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -9
cents.  The mean expectation of twelve analysts for the quarter
was for a loss of 6 cents per share. Wall Street expected
results to range from -8 cents to -5 cents per share.
    * Revenue rose 13.6% to $133.52 million from a year ago;
analysts
expected $133.11 million. 
    * Fastly Inc's reported EPS for the quarter was a loss of 32
cents​.
    * The company reported a quarterly loss of $43.43 million.
    * Fastly Inc shares had fallen by 0.3% this quarter and
lost 27.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 92.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Fastly Inc
is
$13.00 

This summary was machine generated from LSEG data May 2 at 08:21
a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      -0.06          -0.05          Beat
 Dec. 31 2023      -0.02          0.01           Beat
 Sep. 30 2023      -0.08          -0.06          Beat
 Jun. 30 2023      -0.10          -0.04          Beat