Fastenal is set to announce earnings results this Monday before the bell. Last quarter, the company met revenue expectations with $1.96 billion, up 3.4% year on year. Analysts are expecting revenue to grow 8% to $2.07 billion this quarter, with adjusted earnings of $0.28 per share. Analysts have become increasingly bullish on the company, with 5 upward revenue estimate revisions in the last 30 days. In the industrial distributors segment, only MSC Industrial has reported results so far, meeting revenue estimates with flat year-on-year revenue. Positive sentiment has pushed share prices up 8.2% on average over the last month.

Read more at StockStory Media Group: Fastenal (FAST) Q2 Earnings Report Preview: What To Look For