Recent Stock Performance
In the latest trading session, Fastly (FSLY) closed at $12.60, a decline of -1.33% from the day prior. This dip placed Fastly beneath the S&P 500, which experienced a 0.65% loss. Additionally, the Dow dropped 0.49%, and the tech-heavy Nasdaq decreased by 0.96%. Before today’s session, Fastly shares had fallen by 21.85% over the previous month, trailing behind the Computer and Technology sector’s 2.19% growth and the S&P 500’s 3.27% increase during that period.
Earnings Projections and Analyst Estimates
Investors are now eagerly anticipating Fastly’s upcoming earnings report. Projections suggest an EPS of -$0.07, indicating a 22.22% improvement from the same quarter last year. Revenue estimates stand at $133.09 million, reflecting a 13.21% surge from the comparable quarter in the prior year. For the full fiscal year, the Zacks Consensus Estimates foresee earnings per share of -$0.03 and revenue amounting to $585.65 million. These figures represent changes of +82.35% and +15.74%, respectively, from the previous year.
It is crucial for investors to monitor any recent adjustments in analyst estimates for Fastly as these revisions illuminate short-term business trends. Upward revisions signal analysts’ confidence in the company’s operations and profit-generating potential.
Zacks Rank and Industry Assessment
Our research indicates that these estimate changes often impact stock movements in the near term. Leveraging this insight, we have devised the Zacks Rank, a proprietary model that integrates estimated changes to offer an actionable rating system. Fastly currently holds a Zacks Rank of #3 (Hold). The Zacks Rank scale, ranging from #1 (Strong Buy) to #5 (Strong Sell), has historically delivered impressive results, with #1 stocks producing an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate for Fastly has risen by 5.72%.
Fastly operates in the Internet – Software industry within the Computer and Technology sector. Presently, this industry holds a Zacks Industry Rank of 41, positioning it in the top 17% of all 250+ industries. Our analysis reveals that the top 50% ranked industries outperform the lower half by a ratio of 2 to 1.
Conclusion
To stay updated on Fastly’s future performance in the stock market, investors should monitor Zacks.com closely. The intricacies of the Zacks Rank and Industry Rank systems, along with recent earnings projections and analyst estimates, offer valuable insights for those considering investment opportunities in Fastly.
