Earnings Estimates Moving Higher for Fastly (FSLY): Time to Buy?

Core Viewpoint - Fastly (FSLY) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][2]. Earnings Estimates - Analysts' optimism regarding Fastly's earnings prospects is driving higher estimates, which is expected to positively impact the stock price [2]. - The consensus earnings estimate for the current quarter is $0.08 per share, reflecting a year-over-year increase of +260.0% [5]. - For the full year, the earnings estimate is projected at $0.26 per share, indicating a +100.0% change from the previous year [6]. Estimate Revisions - Over the past 30 days, the Zacks Consensus Estimate for Fastly has increased by 31.08%, with four estimates raised and no negative revisions [5]. - For the current year, five estimates have been revised upward, contributing to a 23.03% increase in the consensus estimate [6][7]. Zacks Rank - Fastly has achieved a Zacks Rank 2 (Buy) due to favorable estimate revisions, indicating strong potential for outperformance [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. Stock Performance - Fastly shares have increased by 101.1% over the past four weeks, suggesting strong investor confidence in the company's earnings growth prospects [9].