Compared to Estimates, Fastly (FSLY) Q2 Earnings: A Look at Key Metrics

Fastly (FSLY) reported $132.37 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 7.8%. EPS of -$0.07 for the same period compares to -$0.04 a year ago.

The reported revenue represents a surprise of +0.61% over the Zacks Consensus Estimate of $131.57 million. With the consensus EPS estimate being -$0.08, the EPS surprise was +12.50%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Fastly performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Total Customer Count

  : 3,295 compared to the 3,340 average estimate based on three analysts.

• Revenue- Non-enterprise customers

  : $11.64 million compared to the $10.70 million average estimate based on two analysts. The reported number represents a change of 0% year over year.

• Revenue- Enterprise customers

  : $120.73 million versus the two-analyst average estimate of $120.05 million. The reported number represents a year-over-year change of +8.6%.

View all Key Company Metrics for Fastly here>>>

Shares of Fastly have returned -4.1% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

Zacks Investment Research