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Fastenal (FAST) Q2 Earnings & Revenues Top Estimates
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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 remained stable in the last 60 days. Meanwhile, Fastenal has delivered positive earnings surprises in one of the last four quarters, making an average beat of 1%.
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 reported EPS of 61 cents per share, in line with the Zacks Consensus Estimate of 66 cents.
Revenues: FAST reported revenues of $1.19 billion, which surpassed the consensus estimate of $1.26 billion.
Key Stats to Note: Fastenal’s total average daily sales increased 13.2% in the first quarter of 2018, lower than 14.8% increase reported in the fourth quarter.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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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 remained stable in the last 60 days. Meanwhile, Fastenal has delivered positive earnings surprises in one of the last four quarters, making an average beat of 1%.
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 reported EPS of 61 cents per share, in line with the Zacks Consensus Estimate of 66 cents.
Revenues: FAST reported revenues of $1.19 billion, which surpassed the consensus estimate of $1.26 billion.
Key Stats to Note: Fastenal’s total average daily sales increased 13.2% in the first quarter of 2018, lower than 14.8% increase reported in the fourth quarter.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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 remained stable in the last 60 days. Meanwhile, Fastenal has delivered positive earnings surprises in one of the last four quarters, making an average beat of 1%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: FAST reported EPS of 74 cents per share, beating the Zacks Consensus Estimate of 66 cents.
Revenues: FAST reported revenues of $1.27 billion, which surpassed the consensus estimate of $1.26 billion.
Key Stats to Note: Fastenal’s total average daily sales increased 13.1% in the second quarter of 2018, lower than 13.2% increase reported in the first quarter.
Share Price Movement: Shares of the company was up 7.5% in pre-market trading at the time of writing.
Earnings: FAST reported EPS of 74 cents per share, beating the Zacks Consensus Estimate of 66 cents.
Revenues: FAST reported revenues of $1.27 billion, which surpassed the consensus estimate of $1.26 billion.
Key Stats to Note: Fastenal’s total average daily sales increased 13.1% in the second quarter of 2018, lower than 13.2% increase reported in the first quarter.
Earnings: FAST reported EPS of 74 cents per share, beating the Zacks Consensus Estimate of 66 cents.
Revenues: FAST reported revenues of $1.27 billion, which surpassed the consensus estimate of $1.26 billion.
Key Stats to Note: Fastenal’s total average daily sales increased 13.1% in the second quarter of 2018, lower than 13.2% increase reported in the first quarter.
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Fastenal (FAST) Q2 Earnings & Revenues Top Estimates
Fastenal Company Price and EPS Surprise | Fastenal Company Quote