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Fastenal Company (FAST - Free Report) is a national wholesale distributor of industrial and construction supplies. It distributes its products through company-owned stores mostly located in North America. The company has gradually grown from a fastener distributor to a full-line industrial supplier.
Investors should also note the recent earnings estimate revisions for FAST has been mostly stable in the last 30 days. However, Fastenal has delivered negative earnings surprises in three of the last four quarters, making an average negative surprise of 2.74%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: FAST surpassed earnings. Our consensus earnings estimate called for EPS of 38 cents per share, and the company reported EPS of 40 cents per share. Investors should note that these figures take out stock option expenses.
Revenues: FAST reported revenues of $947.95 million, which missed our consensus estimate of $951.35 million.
Key Stats to Note: Fastenal’s total average daily sales increased 2.7% in the fourth quarter of 2016. It was also higher than 1.8% increase reported in the third quarter.
Check back later for our full write up on this FAST earnings report later!
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Fastenal (FAST) Beats Q4 Earnings, Misses Sales
Fastenal Company (FAST - Free Report) is a national wholesale distributor of industrial and construction supplies. It distributes its products through company-owned stores mostly located in North America. The company has gradually grown from a fastener distributor to a full-line industrial supplier.
Investors should also note the recent earnings estimate revisions for FAST has been mostly stable in the last 30 days. However, Fastenal has delivered negative earnings surprises in three of the last four quarters, making an average negative surprise of 2.74%.
Currently, FAST has a Zacks Rank #3 (Hold), but that could definitely change following Fastenal’s earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: FAST surpassed earnings. Our consensus earnings estimate called for EPS of 38 cents per share, and the company reported EPS of 40 cents per share. Investors should note that these figures take out stock option expenses.
Fastenal Company Price and EPS Surprise
Fastenal Company Price and EPS Surprise | Fastenal Company Quote
Revenues: FAST reported revenues of $947.95 million, which missed our consensus estimate of $951.35 million.
Key Stats to Note: Fastenal’s total average daily sales increased 2.7% in the fourth quarter of 2016. It was also higher than 1.8% increase reported in the third quarter.
Check back later for our full write up on this FAST earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>