Fastly ( NYSE: FSLY ) is scheduled to announce Q3 earnings results on Wednesday, Nov. 2, after market close.
The consensus EPS estimate is -$0.17 (-54.5% Y/Y) and the consensus revenue estimate is $103.66M (+19.1% Y/Y).
Over the last 2 years, FSLY has beaten EPS estimates 50% of the time and revenue estimates 63% of the time.
Over the last 3 months, EPS estimates have seen 0 upward revisions and 11 downward. Revenue estimates have seen 8 upward revisions and 1 downward.
The cloud computing firm's shares tumbled after it reported mixed Q2 results . Fastly ( FSLY ) raised its 2022 revenue guidance to $415M-$425M, but widened its estimate for adj. loss to $0.68-$0.63 per share, reflecting impact from gross margin pressures and higher costs.
Fastly ( FSLY ) also appointed Todd Nightingale as its CEO .
Baird said the margin impact appears "largely one-time", with expectations for higher gross margins in H2 and next year.
SA contributor Richard Durant in an analysis said Fastly's ( FSLY ) profit margins deteriorated over the past 2 years and does not expect a quick turnaround in performance .
Fastly ( FSLY ) stock declined ~77% YTD, underperforming the Nasdaq internet index by a wide margin .
A look at comparison of key stats between Fastly ( FSLY ) and its peers.
Fastly ( FSLY ) is at high risk of performing badly as it has negative EPS revisions and decelerating momentum vs. other IT stocks, according to SA Quant rating system .
For further details see:
Fastly Q3 preview: Will margin pressures drag earnings again?