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 positive earnings surprises in two of the last four quarters, making an average beat of 2.32%.
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 adjusted EPS of 45 cents per share, in line with the Zacks Consensus Estimate.
Revenues: FAST reported revenues of $1.09 billion, which surpassed the consensus estimate of $1.08 billion.
Key Stats to Note: Fastenal’s total average daily sales increased 14.8% in the fourth quarter of 2017, higher than 13.6% increase reported in the third quarter.
Fastenal Company Price and EPS Surprise
Check back later for our full write up on this FAST earnings report later!
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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 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 positive earnings surprises in two of the last four quarters, making an average beat of 2.32%.
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 adjusted EPS of 45 cents per share, in line with the Zacks Consensus Estimate.
Revenues: FAST reported revenues of $1.09 billion, which surpassed the consensus estimate of $1.08 billion.
Key Stats to Note: Fastenal’s total average daily sales increased 14.8% in the fourth quarter of 2017, higher than 13.6% increase reported in the third quarter.
Fastenal Company Price and EPS Surprise
Check back later for our full write up on this FAST earnings report later!
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 >>
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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