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Fastenal (FAST) Q1 Earnings Meet Expectations, Sales Top
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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 note that the recent earnings estimate for FAST has been moving upward in the last 30 days. However, Fastenal has delivered negative earnings surprises in two of the last four quarters, making an average negative surprise of 0.80%.
Revenues: FAST reported revenues of $1.05 billion, which surpassed our consensus estimate of $1.03 billion.
Key Stats to Note: Fastenal’s total average daily sales increased 6.2% in the quarter.
Check back later for our full write up on this FAST earnings report later!
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Fastenal (FAST) Q1 Earnings Meet Expectations, Sales Top
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 note that the recent earnings estimate for FAST has been moving upward in the last 30 days. However, Fastenal has delivered negative earnings surprises in two of the last four quarters, making an average negative surprise of 0.80%.
Currently, FAST has a Zacks Rank #2 (Buy), 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 meets expectation. The company reported EPS of 46 cents per share, in line with the Zacks Consensus estimate.
Fastenal Company Price and EPS Surprise
Fastenal Company Price and EPS Surprise | Fastenal Company Quote
Revenues: FAST reported revenues of $1.05 billion, which surpassed our consensus estimate of $1.03 billion.
Key Stats to Note: Fastenal’s total average daily sales increased 6.2% in the quarter.
Check back later for our full write up on this FAST earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>