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 note that the recent earnings estimate for FAST has remained stable in the last 30 days. However, Fastenal has delivered positive earnings surprises in two of the last four quarters, making an average positive surprise of 1.8%.
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 EPS of 50 cents per share, in line with the Zacks Consensus Estimate.
Fastenal Company Price and EPS Surprise
Revenues: FAST reported revenues of $1.13 billion, also in line with the Zacks Consensus Estimate.
Key Stats to Note: Fastenal’s average daily sales increased 13.6% in the quarter.
Check back later for our full write up on this FAST earnings report later!
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