We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Fastenal (FAST) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
In its upcoming report, Fastenal (FAST - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.28 per share, reflecting an increase of 12% compared to the same period last year. Revenues are forecasted to be $2.06 billion, representing a year-over-year increase of 7.6%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Fastenal metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Business days' to come in at 64 days. The estimate compares to the year-ago value of 64 days.
The consensus estimate for 'Daily sales' stands at $32.12 . The estimate is in contrast to the year-ago figure of $29.90 .
Analysts' assessment points toward 'Weighted FASTBin/FASTVend signings (MEUs)' reaching 7,615 . Compared to the current estimate, the company reported 7,188 in the same quarter of the previous year.
The consensus among analysts is that 'Number of branch locations' will reach 1,595 . The estimate compares to the year-ago value of 1,599 .
Analysts forecast 'Weighted FASTBin/FASTVend installations (MEUs; end of period)' to reach 133,889 . Compared to the present estimate, the company reported 119,306 in the same quarter last year.
Fastenal shares have witnessed a change of +0.3% in the past month, in contrast to the Zacks S&P 500 composite's +3.9% move. With a Zacks Rank #3 (Hold), FAST is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Fastenal (FAST) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
In its upcoming report, Fastenal (FAST - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.28 per share, reflecting an increase of 12% compared to the same period last year. Revenues are forecasted to be $2.06 billion, representing a year-over-year increase of 7.6%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Fastenal metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Business days' to come in at 64 days. The estimate compares to the year-ago value of 64 days.
The consensus estimate for 'Daily sales' stands at $32.12 . The estimate is in contrast to the year-ago figure of $29.90 .
Analysts' assessment points toward 'Weighted FASTBin/FASTVend signings (MEUs)' reaching 7,615 . Compared to the current estimate, the company reported 7,188 in the same quarter of the previous year.
The consensus among analysts is that 'Number of branch locations' will reach 1,595 . The estimate compares to the year-ago value of 1,599 .
Analysts forecast 'Weighted FASTBin/FASTVend installations (MEUs; end of period)' to reach 133,889 . Compared to the present estimate, the company reported 119,306 in the same quarter last year.
View all Key Company Metrics for Fastenal here>>>Fastenal shares have witnessed a change of +0.3% in the past month, in contrast to the Zacks S&P 500 composite's +3.9% move. With a Zacks Rank #3 (Hold), FAST is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .