-$0.14 EPS Expected for Fastly Inc (NYSE:FSLY) This Quarter

Equities analysts expect Fastly Inc (NYSE:FSLY) to post earnings per share (EPS) of ($0.14) for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Fastly’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.12). The company is scheduled to report its next quarterly earnings results on Thursday, November 14th.

On average, analysts expect that Fastly will report full-year earnings of ($0.58) per share for the current fiscal year, with EPS estimates ranging from ($0.67) to ($0.51). For the next fiscal year, analysts anticipate that the firm will report earnings of ($0.42) per share, with EPS estimates ranging from ($0.54) to ($0.30). Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Fastly.

Fastly (NYSE:FSLY) last issued its earnings results on Thursday, August 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.03). The company had revenue of $46.17 million during the quarter, compared to analyst estimates of $45.31 million. During the same quarter last year, the firm earned ($0.20) EPS. The firm’s revenue was up 34.0% on a year-over-year basis.



FSLY has been the topic of a number of research analyst reports. Oppenheimer initiated coverage on Fastly in a report on Tuesday, June 11th. They set an “outperform” rating and a $27.00 price target on the stock. William Blair initiated coverage on Fastly in a report on Tuesday, June 11th. They set an “outperform” rating on the stock. Bank of America began coverage on Fastly in a report on Tuesday, June 11th. They set a “buy” rating and a $26.00 price target on the stock. Craig Hallum began coverage on Fastly in a research note on Friday, June 21st. They issued a “buy” rating and a $24.00 target price on the stock. Finally, CIBC began coverage on Fastly in a research note on Tuesday, June 11th. They issued an “outperform” rating and a $27.00 target price on the stock. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $25.03.

In other Fastly news, major shareholder Qualified Master Fund L. Abdiel acquired 153,248 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was acquired at an average price of $17.25 per share, with a total value of $2,643,528.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel acquired 38,170 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were acquired at an average cost of $21.39 per share, with a total value of $816,456.30. The disclosure for this purchase can be found here. Insiders acquired 587,498 shares of company stock worth $11,546,419 in the last 90 days.

A number of institutional investors have recently bought and sold shares of FSLY. Abdiel Capital Advisors LP bought a new stake in shares of Fastly in the 2nd quarter valued at approximately $45,696,000. Waddell & Reed Financial Inc. bought a new stake in shares of Fastly in the 2nd quarter valued at approximately $22,879,000. Putnam Investments LLC bought a new stake in shares of Fastly in the 2nd quarter valued at approximately $20,771,000. Vanguard Group Inc. bought a new stake in shares of Fastly in the 2nd quarter valued at approximately $20,698,000. Finally, BlackRock Inc. bought a new stake in shares of Fastly in the 2nd quarter valued at approximately $12,288,000. 0.02% of the stock is owned by hedge funds and other institutional investors.

Shares of FSLY stock traded up $0.99 on Friday, reaching $16.76. 46,395 shares of the company’s stock traded hands, compared to its average volume of 934,372. Fastly has a 12-month low of $14.12 and a 12-month high of $25.67. The company has a 50 day moving average of $20.46.

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Earnings History and Estimates for Fastly (NYSE:FSLY)

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