Fastenal (FAST - Free Report) reported $1.88 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 5.9%. EPS of $0.52 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.89 billion, representing a surprise of -0.11%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.52.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Fastenal performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Business days: 64 Days compared to the 64 Days average estimate based on six analysts.
- Daily sales: $29.40 versus the four-analyst average estimate of $29.35.
- Number of in-market locations: 3363 versus 3348.48 estimated by three analysts on average.
- Weighted FASTBin/FASTVend installations: 107115 versus the two-analyst average estimate of 107323.1.
- Number of active Onsite locations: 1728 versus the two-analyst average estimate of 1710.48.
- Number of branch locations: 1635 versus 1634.25 estimated by two analysts on average.
- Weighted FASTBin/FASTVend signings: 6794 compared to the 5814.07 average estimate based on two analysts.
View all Key Company Metrics for Fastenal here>>>Shares of Fastenal have returned +5.9% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Fastenal (FAST - Free Report) reported $1.88 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 5.9%. EPS of $0.52 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.89 billion, representing a surprise of -0.11%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.52.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Fastenal performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Business days: 64 Days compared to the 64 Days average estimate based on six analysts.
- Daily sales: $29.40 versus the four-analyst average estimate of $29.35.
- Number of in-market locations: 3363 versus 3348.48 estimated by three analysts on average.
- Weighted FASTBin/FASTVend installations: 107115 versus the two-analyst average estimate of 107323.1.
- Number of active Onsite locations: 1728 versus the two-analyst average estimate of 1710.48.
- Number of branch locations: 1635 versus 1634.25 estimated by two analysts on average.
- Weighted FASTBin/FASTVend signings: 6794 compared to the 5814.07 average estimate based on two analysts.
View all Key Company Metrics for Fastenal here>>>Shares of Fastenal have returned +5.9% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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