Fastenal to release Q2 earnings with analyst predicting potential price surge

Fastenal Company (NASDAQ:FAST) is set to release its second-quarter earnings on July 14, 2025, in the industrial and construction supplies sector, competing with companies like Grainger and MSC Industrial Direct. Analyst David Manthey established a price target of $86 for FAST, expecting a potential price surge of 99.4%.

The upcoming earnings report is anticipated to show Fastenal earning 28 cents per share, an improvement from 25 cents per share in the same period last year. Quarterly revenue is projected to reach $2.07 billion, up from $1.92 billion a year earlier, aligning with the optimistic price target set by David Manthey.

Fastenal’s stock split earlier in the year aimed to make the stock more accessible to a broader range of investors. Analyst Chris Snyder from Morgan Stanley maintained an Equal-Weight rating and raised the price target from $38 to $40 on May 23, 2025, reflecting a cautiously optimistic view.

With a market capitalization of about $49.48 billion and a trading volume of 2,955,923 shares, Fastenal’s stock price has shown resilience, fluctuating between $42.625 and $43.5, reaching its peak price over the past year. The stock’s lowest price in the past year was $31.015, indicating an upward trajectory.