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Fastenal (FAST) Meets Q1 Earnings Estimates, Tops Revenues

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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 moved north in the last 30 days. Meanwhile, Fastenal has delivered positive earnings surprises in one of the last four quarters, making an average beat of 1%.

Currently, FAST has a Zacks Rank #2 (Buy), 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 61 cents per share, in line with the Zacks Consensus Estimate.

Revenues: FAST reported revenues of $1.19 billion, which surpassed the consensus estimate of $1.18 billion.

Key Stats to Note: Fastenal’s total average daily sales increased 13.2% in the first quarter of 2018, lower than 14.8% increase reported in the fourth 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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