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Fastenal (FAST) Gains But Lags Market: What You Should Know
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Fastenal (FAST - Free Report) closed at $55.16 in the latest trading session, marking a +0.71% move from the prior day. This change lagged the S&P 500's 0.93% gain on the day. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 1.71%.
Heading into today, shares of the maker of industrial and construction fasteners had gained 0.05% over the past month, lagging the Retail-Wholesale sector's gain of 3.91% and the S&P 500's gain of 4.61% in that time.
Fastenal will be looking to display strength as it nears its next earnings release. In that report, analysts expect Fastenal to post earnings of $0.52 per share. This would mark year-over-year growth of 4%. Meanwhile, our latest consensus estimate is calling for revenue of $1.89 billion, up 6.12% from the prior-year quarter.
FAST's full-year Zacks Consensus Estimates are calling for earnings of $1.98 per share and revenue of $7.35 billion. These results would represent year-over-year changes of +4.76% and +5.35%, respectively.
Investors might also notice recent changes to analyst estimates for Fastenal. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Fastenal is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Fastenal is currently trading at a Forward P/E ratio of 27.62. For comparison, its industry has an average Forward P/E of 12.07, which means Fastenal is trading at a premium to the group.
It is also worth noting that FAST currently has a PEG ratio of 3.07. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Building Products - Retail stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 24, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Fastenal (FAST) Gains But Lags Market: What You Should Know
Fastenal (FAST - Free Report) closed at $55.16 in the latest trading session, marking a +0.71% move from the prior day. This change lagged the S&P 500's 0.93% gain on the day. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, added 1.71%.
Heading into today, shares of the maker of industrial and construction fasteners had gained 0.05% over the past month, lagging the Retail-Wholesale sector's gain of 3.91% and the S&P 500's gain of 4.61% in that time.
Fastenal will be looking to display strength as it nears its next earnings release. In that report, analysts expect Fastenal to post earnings of $0.52 per share. This would mark year-over-year growth of 4%. Meanwhile, our latest consensus estimate is calling for revenue of $1.89 billion, up 6.12% from the prior-year quarter.
FAST's full-year Zacks Consensus Estimates are calling for earnings of $1.98 per share and revenue of $7.35 billion. These results would represent year-over-year changes of +4.76% and +5.35%, respectively.
Investors might also notice recent changes to analyst estimates for Fastenal. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Fastenal is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Fastenal is currently trading at a Forward P/E ratio of 27.62. For comparison, its industry has an average Forward P/E of 12.07, which means Fastenal is trading at a premium to the group.
It is also worth noting that FAST currently has a PEG ratio of 3.07. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Building Products - Retail stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.
The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 24, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.