Fastenal FAST releases its next round of earnings this Tuesday, October 13. Here is Benzinga's essential guide to Fastenal's Q3 earnings report.
Earnings and Revenue
Fastenal EPS is expected to be around $0.38, according to sell-side analysts. Sales will likely be near $1.42 billion. Fastenal reported a per-share profit of $0.37 when it published results during the same quarter last year. Sales in that period totaled $1.38 billion. If the company were to post earnings in line with the consensus estimate when it reports Tuesday, EPS would be up 2.7%. Revenue would be up 2.97% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 0.36 | 0.34 | 0.31 | 0.36 |
| EPS Actual | 0.42 | 0.35 | 0.31 | 0.37 |
| Revenue Estimate | 1.47 B | 1.36 B | 1.29 B | 1.37 B |
| Revenue Actual | 1.51 B | 1.37 B | 1.28 B | 1.38 B |
Stock Performance
Shares of Fastenal were trading at $46.63 as of October 09.Over the last 52-week period, shares are up 32.54%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Analysts seem to have developed a bearish outlook on the upcoming earnings release in recent days versus 90 days ago. The general EPS consensus estimate since that time has moved down 5.56% while revenue estimates have moved down 2.97%.
Do not be surprised to see the stock move on comments made during its conference call. Fastenal is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://78449.themediaframe.com/dataconf/productusers/fstn/mediaframe/40573/indexl.htm
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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