Fastenal Company (FAST) is a major player in the industrial sector, distributing industrial and construction supplies in North America and internationally. With a market cap of approximately $54.6 billion, Fastenal offers various products through its stores.
Analysts anticipate Fastenal to report an adjusted EPS of $0.30 in its upcoming third-quarter results, a 15.4% increase from the year-ago quarter. The company has a mixed earnings history, meeting or surpassing estimates three out of four times.
For fiscal 2025, analysts forecast Fastenal to achieve an EPS of $1.11, an 11% increase from 2024. In fiscal 2026, earnings are projected to rise by 10.8% to $1.23 per share.
Fastenal’s stock prices have surged by 35.3% over the past 52 weeks, outperforming the S&P 500 Index and the Industrial Select Sector SPDR Fund during the same period.
Following better-than-expected Q2 results, Fastenal’s stock prices increased by 4.2% in the subsequent trading session. Despite market challenges, the company benefited from improved customer contracts, leading to an 8.6% increase in quarterly revenue and a 12.7% rise in EPS.
Analysts hold a cautious outlook on Fastenal, with a consensus “Hold” rating. Of the 16 analysts covering the stock, opinions include four “Strong Buys,” 11 “Holds,” and one “Strong Sell.” The stock is currently trading slightly above its mean price target of $46.40.
Read more at Yahoo Finance: What To Expect From Fastenal’s Report
