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Fastenal (FAST) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2023, Fastenal (FAST - Free Report) reported revenue of $1.76 billion, up 3.7% over the same period last year. EPS came in at $0.46, compared to $0.43 in the year-ago quarter.
The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $1.75 billion. With the consensus EPS estimate being $0.45, the EPS surprise was +2.22%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 62 Days versus the five-analyst average estimate of 62 Days.
Daily sales: $28.40 versus the four-analyst average estimate of $28.25.
Number of in-market locations: 3,419 versus the three-analyst average estimate of 3,417.
Weighted FASTBin/FASTVend installations: 113,138 versus the two-analyst average estimate of 111,505.
Number of active Onsite locations: 1,822 versus the two-analyst average estimate of 1,829.
Number of branch locations: 1,597 compared to the 1,591 average estimate based on two analysts.
Weighted FASTBin/FASTVend signings: 5,462 compared to the 5,791 average estimate based on two analysts.
Shares of Fastenal have returned -2% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Fastenal (FAST) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, Fastenal (FAST - Free Report) reported revenue of $1.76 billion, up 3.7% over the same period last year. EPS came in at $0.46, compared to $0.43 in the year-ago quarter.
The reported revenue represents a surprise of +0.58% over the Zacks Consensus Estimate of $1.75 billion. With the consensus EPS estimate being $0.45, the EPS surprise was +2.22%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 62 Days versus the five-analyst average estimate of 62 Days.
- Daily sales: $28.40 versus the four-analyst average estimate of $28.25.
- Number of in-market locations: 3,419 versus the three-analyst average estimate of 3,417.
- Weighted FASTBin/FASTVend installations: 113,138 versus the two-analyst average estimate of 111,505.
- Number of active Onsite locations: 1,822 versus the two-analyst average estimate of 1,829.
- Number of branch locations: 1,597 compared to the 1,591 average estimate based on two analysts.
- Weighted FASTBin/FASTVend signings: 5,462 compared to the 5,791 average estimate based on two analysts.
View all Key Company Metrics for Fastenal here>>>Shares of Fastenal have returned -2% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.