Fastenal Stock (NASDAQ:FAST), Trade Ideas

Fastenal

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.

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FAST

SIMO

U.S. stocks closed lower on Friday, with the Dow Jones index falling around 475 points during the session.

This Analyst With 86% Accuracy Rate Sees Around 32% Upside In Western Digital - Here Are 5 Stock Picks For Last Week From Wall Street&#39;s Most Accurate Analysts

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Shares of  Fastenal Company (NASDAQ: FAST) fell sharply during Thursday’s session following worse-than-expected first-quarter financial results.

Why Fastenal Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

Fastenal Co

FASTIGHETS AB BALDR U/ADR by FASTIGHETS AB BALDER

FAST CASUAL CONCEPTS INC by FAST CASUAL CONCEPTS INC.

Fast Casual Concepts Inc

FAST FINANCE PAY CORP by Fast Finance Pay Corp.

Fast Finance Pay Corp

FAST RETAILING CO LTD by Fast Retailing Co. Ltd.

Fast Retailing Co Ltd

FAST RETAILING UNSP/ADR by Fast Retailing Co. Ltd.

Fastbase Inc

FASTIGHETS BALDER B NEW by FASTIGHETS AB BALDER

Fastighets AB Balder

FASTIGHETS AKTIEBLAET AKB by FASTIGHETS AKTIEBOLAGET

Fastighets AB Trianon

Fastly Inc

Fastned BV

Loop Capital analyst Chris Dankert maintains Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) with a Hold and lowers the price target from $71 to $66.

Loop Capital Maintains Hold on Fastenal, Lowers Price Target to $66

U.S. stocks closed lower on Friday, with the Dow Jones index falling around 475 points during the session.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#39;s opinion to <a href="https://www.benzinga.com/money/setting-up-a-trust/">trust</a>.
Benzinga&#39;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. One of the ways traders can sort through Benzinga&#39;s extensive database of analyst ratings is by analyst accuracy. Here&#39;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings"> Analyst Stock </a> Ratings.
Analyst: Jay McCanless
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 88%</li>
<li>Latest Rating: Downgraded rating on Arbor Realty Trust, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/abr#NYSE">ABR</a>) from Outperform to Neutral and cut the price target from $17 to $13 on April 11, 2024. This analyst sees around 6% increase in the stock.</li>
<li>Recent News: On Feb. 16, Arbor Realty Trust shares reported better-than-expected fourth-quarter financial results.</li>
</ul>
Analyst: Matt Bryson
<ul>
<li>Analyst Firm: Wedbush</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Reiterated an Outperform rating on Silicon Motion Technology Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/simo#NASDAQ">SIMO</a>) with a price target of $85 on April 10, 2024. This analyst sees around 13% upside in the stock.</li>
<li>Recent News: The company is scheduled to release its first quarter 2024 financial results after the closing bell on May 2, 2024.</li>
</ul>
Analyst: Aaron Rakers
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained an Overweight rating on Western Digital Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wdc#NASDAQ">WDC</a>) and boosted the price target from $72 to $95 on April 10, 2024. This analyst sees around 32% upside in the stock.</li>
<li>Recent News: Western Digital is expected to announce its third quarter fiscal year 2024 financial results after the closing bell on April 25, 2024.</li>
</ul>
Analyst: David Manthey
<ul>
<li>Analyst Firm: Baird</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained a Neutral rating on Fastenal Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) and cut the price target from $77 to $71 on April 12, 2024. This analyst sees around 1% surge in the stock.</li>
<li>Recent News: On April 11, Fastenal posted worse-than-expected first-quarter financial results.</li>
</ul>
Analyst: Andrew Strelzik
<ul>
<li>Analyst Firm: BMO Capital</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Outperform rating on Constellation Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stz#NYSE">STZ</a>) and boosted the price target from $290 to $315 on April 12, 2024. This analyst sees more than 20% upside in the stock.</li>
<li>Recent News: On April 11, Constellation Brands reported better-than-expected fourth-quarter financial results.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38215878/how-to-earn-500-a-month-from-goldman-sachs-stock-ahead-of-q1-earnings-report"> How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q1 Earnings Report </a>

This Analyst With 86% Accuracy Rate Sees Around 32% Upside In Western Digital - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

HSBC analyst Wesley Brooks maintains Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) with a Hold and raises the price target from $59 to $64.

HSBC Maintains Hold on Fastenal, Raises Price Target to $64

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Citigroup cut the price target for Starbucks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) from $102 to $95. Citigroup analyst Jon Tower maintained a Neutral rating. Starbucks shares fell 0.1% to close at $85.90 on Thursday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup slashed the price target for Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) from $196 to $180. Citigroup analyst Itay Michaeli maintained a Neutral rating. Tesla shares gained 1.7% to close at $174.60 on Thursday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut CarMax, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmx#NYSE">KMX</a>) price target from $99 to $91. Needham analyst Chris Pierce maintained a Buy rating. CarMax shares fell 9.2% to close at $71.98 on Thursday. <a href="https://www.benzinga.com/quote/KMX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho cut the price target for Phillips 66 (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/psx#NYSE">PSX</a>) from $167 to $162. Mizuho analyst Nitin Kumar maintained a Neutral rating. Phillips 66 shares rose 0.2% to close at $165.41 on Thursday. <a href="https://www.benzinga.com/quote/PSX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised Netflix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) price target from $600 to $700. Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating. Netflix shares rose 1.7% to close at $628.78 on Thursday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Exane BNP Paribas lowered V.F. Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vfc#NYSE">VFC</a>) price target from $18 to $14. Exane BNP Paribas analyst Laurent Vasilescu downgraded the stock from Outperform to Neutral. V.F. Corporation shares fell 2.7% to close at $13.13 on Thursday. <a href="https://www.benzinga.com/quote/VFC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird cut the price target for Fastenal Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) from $77 to $71. Baird analyst David Manthey maintained a Neutral rating. Fastenal shares fell 6.5% to close at $69.88 on Thursday. <a href="https://www.benzinga.com/quote/FAST/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel slashed Target Hospitality Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/th#NASDAQ">TH</a>) price target from $13 to $12. Stifel analyst Stephen Gengaro downgraded the stock from Buy to Hold. Target Hospitality shares fell 0.5% to close at $10.82 on Thursday. <a href="https://www.benzinga.com/quote/TH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein cut ASML Holding N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) price target from $1,072 to $1,052. Bernstein analyst Sara Russo maintained an Outperform rating. ASML shares rose 1.8% to close at $992.18 on Thursday. <a href="https://www.benzinga.com/quote/ASML/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. reduced Enlivex Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enlv#NASDAQ">ENLV</a>) price target from $12 to $7. HC Wainwright &amp; Co. analyst Raghuram Selvaraju maintained a Buy rating. Enlivex Therapeutics shares fell 54% to close at $1.83 on Thursday. <a href="https://www.benzinga.com/quote/ENLV/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
&nbsp;
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Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $76.2, along with a high estimate of $85.00 and a low estimate of $71.00. Surpassing the previous average price target of $71.40, the current average has increased by 6.72%.
<img src="https://www.benzinga.com/files/images/story/2024/1712926866_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of Fastenal by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$71.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Michael Hoffman</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$85.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$77.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$73.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Michael Hoffman</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$75.00</td>
<td>$69.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fastenal. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Fastenal compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Fastenal's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Fastenal's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/FAST/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fastenal analyst ratings.</a>
<h2>Discovering Fastenal: A Closer Look</h2>
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,700 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.
<h3>Fastenal's Financial Performance</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Over the 3 months period, Fastenal showcased positive performance, achieving a revenue growth rate of 3.72% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Fastenal's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 15.15%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Fastenal's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 7.82%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Fastenal's ROA excels beyond industry benchmarks, reaching 5.88%. This signifies efficient management of assets and strong financial health.
Debt Management: Fastenal's debt-to-equity ratio is below the industry average at 0.16, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 5 Analysts Discuss Fastenal Stock

Baird analyst David Manthey maintains Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) with a Neutral and lowers the price target from $77 to $71.

Baird Maintains Neutral on Fastenal, Lowers Price Target to $71

Shares of Fastenal Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) fell sharply during Thursday&rsquo;s session following worse-than-expected first-quarter financial results.
Fastenal reported first-quarter FY24 sales growth of 1.9% Y/Y to $1.895 billion, missing the consensus of $1.914 billion. The company&#39;s first-quarter EPS was 52 cents, missing the consensus of 53 cents.
Fastenal shares dipped 6.7% to $69.73 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Rallybio Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rlyb#NASDAQ">RLYB</a>) shares climbed 89.6% to $3.09 after the company announced a collaboration with Johnson &amp; Johnson to advance therapeutics for pregnant individuals at risk of FNAIT.</li>
<li>Rent the Runway, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rent#NASDAQ">RENT</a>) shares jumped 74.5% to $12.91 after the company reported mixed fourth-quarter financial results and issued guidance.</li>
<li>Eliem Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elym#NASDAQ">ELYM</a>) jumped 59.6% to $4.2650. The company announced that it entered into a definitive acquisition agreement to acquire Tenet and it also entered into a securities purchase agreement for a $120 million private placement.</li>
<li>Akanda Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akan#NASDAQ">AKAN</a>) gained 36% to $0.1632. Akanda, last month, announced a plan to evaluate opportunities in Bitcoin, Blockchain and AI applications in the cannabis industry.</li>
<li>Alpine Immune Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alpn#NASDAQ">ALPN</a>) rose 36.6% to $64.25 after Vertex entered into an agreement to acquire the company.</li>
<li>Candel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cadl#NASDAQ">CADL</a>) surged 29.6% to $6.61 after the company received FDA orphan drug designation for CAN-2409 for the treatment of pancreatic cancer.</li>
<li>Enliven Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elvn#NASDAQ">ELVN</a>) gained 26% to $24.97. Enliven Therapeutics announced proof of concept data from Phase 1 clinical trial of ELVN-001 in chronic myeloid leukemia.</li>
<li>Selina Hospitality PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/slna#NASDAQ">SLNA</a>) rose 21.1% to $0.0923.</li>
<li>Globavend Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gvh#NASDAQ">GVH</a>) climbed 16.8% to $1.68.</li>
<li>Janux Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/janx#NASDAQ">JANX</a>) gained 16.8% to $52.15 following Wednesday reports suggesting the company is said to weigh a possible sale.</li>
<li>SciSparc Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sprc#NASDAQ">SPRC</a>) shares rose 15.3% to $1.9357.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gyre#NASDAQ">GYRE</a>) gained 14.6% to $15.91.</li>
<li>AnaptysBio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anab#NASDAQ">ANAB</a>) climbed 11.4% to $24.72. Wells Fargo analyst Derek Archila initiated coverage on AnaptysBio with an Overweight rating and announced a price target of $56.</li>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) gained 10.4% to $0.2010 after gaining 4% on Wednesday.</li>
<li>GigaCloud Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gct#NASDAQ">GCT</a>) rose 10.2% to $34.18.</li>
<li>Nurix Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrix#NASDAQ">NRIX</a>) gained 9.6% to $17.21. Baird analyst Joel Beatty maintained Nurix Therapeutics with an Outperform and raised the price target from $24 to $25.</li>
<li>StepStone Group LP (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/step#NASDAQ">STEP</a>) rose 7.1% to $37.46 after JP Morgan upgraded the stock from Neutral to Overweight.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Aptevo Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apvo#NASDAQ">APVO</a>) shares fell 58% to $1.01 after the company priced its $4.6 million public offering.</li>
<li>Enlivex Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/enlv#NASDAQ">ENLV</a>) fell 54.5% to $1.81. The company announced topline results of its Phase II trial evaluating Allocetra in sepsis.</li>
<li>AVITA Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcel#NASDAQ">RCEL</a>) fell 28.6% to $10.31 after the company announced an update to its expected commercial revenue for the first quarter of 2024. BTIG downgraded the stock from Buy to Neutral.</li>
<li>Aesthetic Medical International Holdings Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aih#NASDAQ">AIH</a>) fell 19% to $0.3723.</li>
<li>Globe Life Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gl#NYSE">GL</a>) fell 14.6% to $89.65.</li>
<li>The Lovesac Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/love#NASDAQ">LOVE</a>) shares fell 14.3% to $20.00 after the company reported worse-than-expected fourth-quarter results and issued first-quarter guidance.</li>
<li>Globe Life Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gl#NYSE">GL</a>) fell 13.7% to $90.56.</li>
<li>Meiwu Technology Company Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wnw#NASDAQ">WNW</a>) shares declined 12.4% to $1.1601 after jumping around 32% on Wednesday.</li>
<li>Acorda Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acor#NASDAQ">ACOR</a>) fell 12% to $0.7660 after declining 14% on Wednesday. Acorda Therapeutics recently commenced voluntary proceedings under Chapter 11 of the United States Bankruptcy Code.</li>
<li>CarMax, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmx#NYSE">KMX</a>) fell 11.7% to $70.02 after the company reported lower-than-expected fourth-quarter earnings.</li>
<li>VBI Vaccines Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vbiv#NASDAQ">VBIV</a>) dipped 11.3% to $0.5641.</li>
<li>Nikola Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nkla#NASDAQ">NKLA</a>) fell 11.3% to $0.8680. On April 9, Wolfe Research analyst Scott Group initiated coverage on Nikola with a Peer Perform rating.</li>
<li>Marin Software Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrin#NASDAQ">MRIN</a>) declined 10.8% to $0.5798.</li>
<li>SolarBank Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/suun#NASDAQ">SUUN</a>) fell 9.3% to $5.29. SolarBank closed purchase of 3.15 MW solar project in New York from Storke Renewable.</li>
<li>Esperion Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/espr#NASDAQ">ESPR</a>) fell 9.1% to $2.29.</li>
<li>9F Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jfu#NASDAQ">JFU</a>) fell 8.8% to $2.7046.</li>
<li>iCoreConnect Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icct#NASDAQ">ICCT</a>) shares fell 8.5% to $1.55 after jumping over 50% on Wednesday.</li>
<li>ClearOne, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clro#NASDAQ">CLRO</a>) declined 8.3% to $1.00. The company recently reported fourth-quarter financial results.</li>
<li>Nyxoah S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyxh#NASDAQ">NYXH</a>) fell 7.3% to $9.83</li>
<li>Acorda Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acor#NASDAQ">ACOR</a>) fell 6.2% to $0.8164.</li>
<li>Walker &amp; Dunlop, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wd#NYSE">WD</a>) fell 5.3% to $87.71 after Wedbush downgraded the stock from Outperform to Neutral and lowered its price target from $130 to $95.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38200890/top-3-health-care-stocks-which-could-rescue-your-portfolio-this-quarter"> Top 3 Health Care Stocks Which Could Rescue Your Portfolio This Quarter</a>

Why Fastenal Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

Fastenal (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1.89%. A quarter ago, it was expected that this maker of industrial and construction fasteners would post earnings of $0.45 per share when it actually produced earnings of $0.46, delivering a surprise of 2.22%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Fastenal, which belongs to the Zacks Building Products - Retail industry, posted revenues of $1.9 billion for the quarter ended March 2024, missing the Zacks Consensus Estimate by 0.98%. This compares to year-ago revenues of $1.86 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Fastenal shares have added about 15.4% since the beginning of the year versus the S&amp;P 500&#39;s gain of 8.2%.
What&#39;s Next for Fastenal?
While Fastenal has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Fastenal: favorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.55 on $1.99 billion in revenues for the coming quarter and $2.15 on $7.81 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Retail is currently in the top 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Builders FirstSource (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bldr#NYSE">BLDR</a>), another stock in the same industry, has yet to report results for the quarter ended March 2024. The results are expected to be released on May 7.
This construction supply company is expected to post quarterly earnings of $2.40 per share in its upcoming report, which represents a year-over-year change of -18.9%. The consensus EPS estimate for the quarter has been revised 3% lower over the last 30 days to the current level.
Builders FirstSource&#39;s revenues are expected to be $3.78 billion, down 2.6% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2253763/fastenal-fast-q1-earnings-and-revenues-lag-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2253763">To read this article on Zacks.com click here.</a>

Earnings

BLDR

Fastenal Q1 Earnings and Revenues Lag Estimates

Fastenal Company&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) shares are trading lower after the company reported first-quarter FY24 sales growth of 1.9% Y/Y to $1.895 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38198386/fastenal-company-reports-2024-first-quarter-earnings" rel="noreferrer noopener">missing the consensus of $1.914 billion</a>.
Net daily sales growth increased 1.9% Y/Y to $29.6 million. The company experienced higher unit sales in the first quarter of 2024 primarily led by growth with larger customers and Onsite locations opened in the last two years.&nbsp;
Weighted FASTBin/FASTVend signings (MEUs) rose 14.0% Y/Y to 6,726; Weighted FASTBin/FASTVend installations rose 10.5% Y/Y.
FAST's Digital Footprint represented 59.2% of sales in the quarter, an increase from 54.1% in the first quarter of 2023.
The gross margin contracted to 45.5% from 45.7% owing to the negative impact of customer and product mix.
Operating income was $390.2 million (-0.8% Y/Y), and the margin was 20.6%, a decline from 21.2% in the same quarter of 2023.
The company's first-quarter EPS was $0.52,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the consensus of $0.53.</a>
Fastenal's operating cash flow for the quarter was $335.6 million, a decrease of 13.6% Y/Y.
The company held cash and equivalents of $237.1 million as of March 31, 2024.
Dividend:&nbsp;The company declared a dividend per share of $0.39, payable on May 23, 2024, to shareholders of record at the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38191479/fastenal-company-announces-cash-dividend" rel="noreferrer noopener">close of business on April 25, 2024</a>.
The company signed 102 new Onsite locations in the quarter and had 1,872 active sites on March 31, 2024 (+11.8% Y/Y).
Daily sales through the Onsite locations, excluding sales transferred from branches to new Onsites, grew at a low single-digit rate in the first quarter of 2024.&nbsp;
Outlook: For 2024, Fastenal continues to expect Onsite signings of 375 to 400 and weighted FASTBin and FASTVend device&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">signings to be 26,000 to 28,000 MEUs</a>.
Investors can gain exposure to the stock via&nbsp;Motley Fool Mid-Cap Growth ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/TMFM#BATS">TMFM</a>) and&nbsp;IShares U.S. Basic Materials ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYM#NYSE">IYM</a>).
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38177765/fastenal-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate" rel="noreferrer noopener">Fastenal Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Price Action: FAST shares are down 4.47% at $71.40 premarket on the last check Thursday.
Photo via Wikimedia Commons

Equities

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Guidance

Dividends

iShares Trust Dow Jones US Basic Materials Sector Index Fund

TMFM

Why Industrial And Construction Supplies Distributor Fastenal's Shares Are Down Today

<h3>Gainers</h3>
<ul>
<li>Energy Focus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFOI#NASDAQ">EFOI</a>) shares moved upwards by 21.9% to $1.95 during Thursday's pre-market session. The market value of their outstanding shares is at $9.2 million. </li>
<li>Xos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XOS#NASDAQ">XOS</a>) stock increased by 12.27% to $9.63. The company's market cap stands at $74.6 million. </li>
<li>Babcock &amp; Wilcox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) shares moved upwards by 12.03% to $1.21. The market value of their outstanding shares is at $108.2 million. </li>
<li>CEA Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEAD#NASDAQ">CEAD</a>) stock increased by 10.89% to $0.57. The market value of their outstanding shares is at $4.6 million. </li>
<li>VirTra (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTSI#NASDAQ">VTSI</a>) stock rose 6.62% to $14.1. The market value of their outstanding shares is at $156.6 million. </li>
<li>ShiftPixy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) stock moved upwards by 6.22% to $2.56. The market value of their outstanding shares is at $15.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) stock fell 10.6% to $5.5 during Thursday's pre-market session. The market value of their outstanding shares is at $189.9 million. </li>
<li>NeoVolta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOV#NASDAQ">NEOV</a>) shares fell 8.52% to $1.72. The market value of their outstanding shares is at $57.1 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares decreased by 5.82% to $0.71. The market value of their outstanding shares is at $11.5 million. </li>
<li>Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) shares decreased by 5.01% to $71.0. The market value of their outstanding shares is at $40.6 billion. As per the press release, Q1 earnings came out today. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) stock fell 4.52% to $0.41. The company's market cap stands at $5.3 million. </li>
<li>Shengfeng Development (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFWL#NASDAQ">SFWL</a>) stock declined by 4.42% to $1.73. The market value of their outstanding shares is at $142.7 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CEA INDUSTRIES INC by CEA Industries Inc.

CEAD

CSTE

EFOI

MNTS

NEOV

PIXY

SFWL

SPPL

VTSI

12 Industrials Stocks Moving In Thursday's Pre-Market Session

U.S. stock futures were lower this morning, with the Dow futures falling over 150 points on Thursday.
Shares of CarMax, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmx#NYSE">KMX</a>) fell sharply in today&rsquo;s pre-market trading after the company reported lower-than-expected <a href="https://www.benzinga.com/quote/KMX/earnings">fourth-quarter earnings</a>.
<ul>
<li>CarMax posted quarterly earnings of 32 cents per share, missing market estimates of 49 cents per share. The company&rsquo;s quarterly sales came in at $5.63 billion versus expectations of $5.79 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.</li>
<li>CarMax shares dipped 9.1% to $72.06 in pre-market trading.</li>
<li>Here are some big stocks recording losses in today&rsquo;s pre-market trading session.</li>
<li>The Lovesac Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/love#NASDAQ">LOVE</a>) shares fell 13% to $20.30 in pre-market trading after the company reported worse-than-expected fourth-quarter results and issued first-quarter guidance.</li>
<li>Nyxoah S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyxh#NASDAQ">NYXH</a>) shares dipped 12.4% to $9.30 in pre-market trading.</li>
<li>AVITA Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rcel#NASDAQ">RCEL</a>) shares fell 11.6% to $12.76 in pre-market trading after the company announced an update to its expected commercial revenue for the first quarter of 2024. BTIG downgraded the stock from Buy to Neutral.</li>
<li>DigiAsia Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/faas#NASDAQ">FAAS</a>) shares fell 7.1% to $8.11 in pre-market trading after jumping around 19% on Wednesday.</li>
<li>Nanobiotix S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbtx#NASDAQ">NBTX</a>) shares declined 6.2% to $6.00 in pre-market trading after gaining over 6% on Wednesday.</li>
<li>Grifols, S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grfs#NASDAQ">GRFS</a>) shares fell 5% to $6.62 in pre-market trading.</li>
<li>Fastenal Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) shares declined 5.1% to $70.90 in pre-market trading following worse-than-expected first-quarter financial results.</li>
<li>Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>) fell 4.5% to $49.00 in pre-market trading. Mercury General is expected to report first-quarter earnings after the markets close on Tuesday, April 30, 2024.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38176505/jim-cramer-says-wesco-international-is-a-buy-recommends-buying-this-stock-under-20"> Jim Cramer Says WESCO International Is A Buy, Recommends Buying This Stock Under $20</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

FAAS

GRFS

NBTX

CarMax Reports Downbeat Earnings, Joins Lovesac And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

The negative mood on Wall Street may persist as investors await the release of another inflation report, which will have significant implications for the&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38196450/larry-summers-says-june-rate-cut-could-be-dangerous-and-egregious-error-after-hotte" rel="noreferrer noopener">near-term trend</a>&nbsp;in consumer prices. Wholesale price inflation typically flows down the supply chain and manifests as higher retail prices in the coming months.
Major U.S. index futures are pointing towards a lower opening on Thursday. Traders may also be keeping an eye on a key central bank decision from Europe, the weekly U.S. jobless claims data, and a series of Fed speeches scheduled for later today.
 Futures Performance On Thursday ( as of 6:50 a.m. EDT)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.24%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.21%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.77%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Thursday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.19% to $513.15,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.13% to $437.81 according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Previous Session:
Soaring inflation data and the subsequent Federal Reserve meeting minutes rattled investors on Wednesday. The minutes revealed a lack of strong consensus among Fed officials regarding inflation&#8217;s trajectory, fueling concerns that it may not be on a sustained downward path. This uncertainty led to a significant decline in major indexes at the open. The markets then displayed limited movement throughout the trading day, remaining at these depressed levels. 
The Dow Jones Industrial Average closed at its lowest point in nearly two months. Sectors particularly sensitive to interest rate fluctuations, such as real estate, financials, healthcare, utilities, consumer discretionary goods, and materials, experienced heavy selling pressure.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.84%</td>
<td>16,170.36</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.95%</td>
<td>5,160.64</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.09%</td>
<td>38,461.51</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-2.52%</td>
<td>2,028.39</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Fund manager Louis Navellier was undeterred by Wednesday&#8217;s market slide and saw it as a &#8220;phenomenal buying opportunity.&#8221;
&#8220;I think in a couple of weeks you&#8217;ll realize today [Wednesday] was probably the best buying opportunity you&#8217;re going to have,&#8221; he said. Navellier premised his view on his expectations for a strong earnings season. 
Morgan Stanley&#8217;s Lisa Shalett, meanwhile, sounded out a note of caution about a strong economy. Hot economic growth may fuel inflationary pressure and squeeze corporate profits, she said. The analyst also sees a hotter-than-expected economy to prompt the Fed to rethink its rate-cut itinerary.
&#8220;If the central bank's rate-cutting cycle is delayed or if rates come down less than anticipated, the resulting higher-for-longer rate environment could pose risks for key sectors of the economy,&#8221; she said. &#8220;It would likely weigh on spending by middle- and lower-income consumers, for instance, and put further pressure on already-vulnerable sectors like commercial real estate and regional banks.&#8221;
Upcoming Economic Data:
The Labor Department is scheduled to release its producer price inflation report for March at 8:30 a.m. EDT. The consensus estimates for the key numbers versus the previous month&#8217;s comparisons are as follows:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Consensus (March)</td>
<td>Actual (Feb.)</td>
</tr>
<tr>
<td>Producer Prices (M-o-M Change)</td>
<td>0.3%</td>
<td>0.6%</td>
</tr>
<tr>
<td>Core Producer Prices (M-o-M Change)</td>
<td>0.2%</td>
<td>0.4%</td>
</tr>
<tr>
<td>Producer Prices (Y-o-Y Change)</td>
<td>2.2%</td>
<td>1.6%</td>
</tr>
<tr>
<td>Core Producer Prices (Y-o-Y Change)</td>
<td>2.3%</td>
<td>2.8%</td>
</tr>
</tbody>
</table>
</figure>
The Labor Department will also release its jobless claims data for the recent reporting week at 8:30 a.m. EDT. The number of individuals claiming unemployment benefits may have come in at 221,000 in the week ended April 6, down from 217,000 in the previous week.
The Treasury will auction four- and eight-week bills at 11:30 a.m. EDT and 30-year bonds at 1 p.m. EDT.
Fed officials scheduled to speak include:
<ul>
<li>Fed Governor Michelle Bowman: 8:45 a.m. EDT</li>
<li>Boston Fed President Susan Collins: noon EDT</li>
<li>Chicago Fed President Austan Goolsbee: 12:45 p.m. EDT</li>
<li>Atlanta Fed President Raphael Bostic: 1:30 p.m. EDT</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) fell over 2% <a href="https://benzinga.grsm.io/lxquj26b2sag">in premarket </a>on an analyst downgrade.</li>
<li>Alpine Immune Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALPN#NASDAQ">ALPN</a>) jumped over 36% after agreeing to be acquired by Vertex Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>).</li>
<li>CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>), Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), Lovesac Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) and Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">companies reporting ahead of the market open</a></li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures fell back to under the $86-a-barrel mark, giving back some of the 1%+ gains they made on Wednesday. Gold futures traded modestly higher after pulling back in the previous session on the dollar&#8217;s strength. The yield on the benchmark 10-year Treasury held below around 4.55% levels.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was firm, as it held above the $70,000 level.
Most Asian markets slid on Thursday as they reacted to the hotter-than-expected U.S. inflation data and its implication for the Fed funds rate. The Chinese market, however, ended modestly higher as data showing weak consumer price inflation and producer price deflation in the country raised hopes of governmental support.
European stocks traded water ahead of the European Central Bank&#8217;s rate decision due at 8:15 a.m. EDT. The consensus view is that the central bank would stand pat on rates.
Read Next: <a href="https://www.benzinga.com/economics/macro-economic-events/24/04/38189647/fed-minutes-reveal-growing-unease-over-inflation-path-not-merely-statistical-aber">Fed Minutes Reveal Growing Unease Over Inflation Path: Not &#8216;Merely Statistical Aberrations&#8217;</a>
Image created via photos on Shutterstock

$BTC

HOOD

VRTX

Wall Street Braces For Another Red Day Ahead Of More Inflation Data While Bitcoin Holds Above $70K: Analyst Sees Any Pullback As 'Phenomenal Buying Opportunity'

WIIM

Fastenal shares are trading lower following worse-than-expected Q1 financial results.

Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) reported quarterly earnings of $0.52 per share which missed the analyst consensus estimate of $0.53 by 1.89 percent. This is unchanged from the same period last year. The company reported quarterly sales of $1.90 billion which missed the analyst consensus estimate of $1.91 billion by 0.79 percent. This is a 1.94 percent increase over sales of $1.86 billion the same period last year.

Earnings Misses

Fastenal Q1 EPS $0.52 Misses $0.53 Estimate, Sales $1.90B Miss $1.91B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Kore Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORE#NYSE">KORE</a>) is estimated to report quarterly loss at $0.05 per share on revenue of $77.79 million.
&bull; Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $1.91 billion.
&bull; Conn&#39;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CONN#NASDAQ">CONN</a>) is likely to report quarterly loss at $1.57 per share on revenue of $422.40 million.
&bull; Northern Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $21.20 million.
&bull; CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) is estimated to report quarterly earnings at $0.47 per share on revenue of $5.79 billion.
&bull; Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is estimated to report quarterly earnings at $0.09 per share on revenue of $99.69 million.
&bull; Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) is projected to report quarterly earnings at $1.92 per share on revenue of $265.32 million.
&bull; Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) is estimated to report quarterly earnings at $2.09 per share on revenue of $2.10 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Applied Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $51.92 million.
&bull; Argan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) is expected to report quarterly earnings at $0.75 per share on revenue of $161.60 million.
&bull; Calamos Glb Total (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGO#NASDAQ">CGO</a>) is expected to report quarterly earnings at $2.76 per share on revenue of $753.10 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

APLD

CONN

HOFT

KORE

NTIC

Earnings Scheduled For April 11, 2024

The CNN Money Fear and Greed index showed a further decline in the overall market sentiment, with the index remaining in the &quot;Neutral&quot; zone on Wednesday.
U.S. stocks closed lower on Wednesday following the release of inflation data for March.
U.S. annual inflation rate rose for a second consecutive month to 3.5% in March from 3.2% in February. U.S. wholesale inventories increased by 0.5% month-over-month in February compared to a 0.2% decline in the previous month.
Delta Air Lines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>) reported better-than-expected first-quarter earnings on Wednesday.
Most sectors on the S&amp;P 500 closed on a negative note, with real estate, utilities and materials stocks recording the biggest losses on Wednesday. However, energy stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 422 points to 38,461.51 on Wednesday. The S&amp;P 500 dipped 0.95% at 5,160.64, while the Nasdaq Composite tumbled 0.84% at 16,170.36 during Wednesday&rsquo;s session.
Investors are awaiting earnings results from CarMax, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmx#NYSE">KMX</a>), Constellation Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stz#NYSE">STZ</a>) and Fastenal Co (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) today.
At a current reading of 54, the index remained in the &quot;Neutral&quot; zone on Wednesday, versus a prior reading of 54.8.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38176517/how-to-earn-500-a-month-from-citigroup-stock-ahead-of-q1-earnings-report"> How To Earn $500 A Month From Citigroup Stock Ahead Of Q1 Earnings Report</a>

Fear & Greed Index In 'Neutral' Zone Following Inflation Data; Dow Dips Over 400 Points

With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects Constellation Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stz#NYSE">STZ</a>) to report quarterly earnings at $2.09 per share on revenue of $2.10 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Constellation shares fell 0.2% to $264.40 in after-hours trading.
Costco Wholesale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) reported net sales of $23.48 billion for the retail month of March, up 9.4% on a year-over-year basis. Total comparable sales were up 7.7% in March, while e-commerce sales jumped 28.3%. The company also announced its board approved a quarterly cash dividend increase from $1.02 per share to $1.16 per share, or $4.64 per share on an annualized basis. Costco shares gained 0.3% to $725.03 in the after-hours trading session.
Analysts are expecting Carmax Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmx#NYSE">KMX</a>) to post quarterly earnings at 49 cents per share on revenue of $5.80 billion. The company will release earnings before the markets open. Carmax shares fell 0.4% to $79.00 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Crown Castle Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cci#NYSE">CCI</a>) named Steven Moskowitz as President and CEO. Crown Castle shares gained 1.3% to $98.93 in the after-hours trading session.
Analysts expect Fastenal Co (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) to post quarterly earnings at 53 cents per share on revenue of $1.91 billion before the opening bell. Fastenal shares fell 0.3% to $74.50 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38176505/jim-cramer-says-wesco-international-is-a-buy-recommends-buying-this-stock-under-20"> Jim Cramer Says WESCO International Is A Buy, Recommends Buying This Stock Under $20 </a>

COST

Constellation Brands, Costco And 3 Stocks To Watch Heading Into Thursday

Fastenal Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) is scheduled to release earnings results for its first quarter (Q1), before the <a href="https://www.benzinga.com/quote/FAST/earnings">opening bell on April 11, 2024.</a>
Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 53 cents per share, up from 52 cents per share in the year-ago period. Fastenal is projected to post revenue of $1.91 billion for the quarter, compared to $1.86 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 18, Fastenal reported better-than-expected fourth-quarter financial results.
Fastenal shares rose 0.01% to close at $75.90 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let&rsquo;s have a look at how Benzinga&rsquo;s most-accurate <a href="https://www.benzinga.com/quote/FAST/analyst-ratings"> analysts have rated the company </a> in the recent period.
<ul>
<li>Stifel analyst Michael Hoffman maintained a Buy rating and boosted the price target from $75 to $85 on March 18, 2024. This analyst has an accuracy rate of 78%.</li>
<li>Baird analyst David Manthey maintained a Neutral rating and raised the price target from $74 to $77 on March 7, 2024. This analyst has an accuracy rate of 85%.</li>
<li>HSBC analyst Wesley Brooks initiated coverage on the stock with a Hold rating and a price target of $59 on Sept. 15, 2023. This analyst has an accuracy rate of 70%.</li>
<li>Loop Capital analyst Chris Dankert maintained a Hold rating and cut the price target from $54 to $53 on Jan. 23, 2023. This analyst has an accuracy rate of 78%.</li>
</ul>
&nbsp;
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38155367/jim-cramer-was-upset-at-this-hostile-takeover-but-they-fixed-the-situation-stocks-been-a"> Jim Cramer Was Upset At This Hostile Takeover, But &#39;They Fixed The Situation. Stock&#39;s Been A Horse&#39;</a>

Fastenal Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

<h3>Making the Case for Bank Stocks</h3>
Citigroup&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>) shares have been star performers lately, with the stock not only handily outperforming the S&amp;P 500 index this year (+19.8% vs. +6.3%) but also leading JPMorgan&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) (up +16.1%) and Wells Fargo (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wfc#NYSE">WFC</a>) (up +16.7%).
Citigroup&#39;s performance lead over its peers extends further if we go back a few months, say to the preceding 6-month period.
Seeing a perennial laggard like Citigroup show this type of energy and momentum is good. But beleaguered Citigroup shareholders will be hoping that the stock&#39;s current trajectory proves more durable than the October 2020 to June 2021 period when the stock similarly appeared to have finally found its footing.
Over the last 5 years, Citigroup has lost -6.8% of its value while JPMorgan and the S&amp;P 500 index have gained +86.8% and +77.7%, respectively. Needless to say, it has been a painful run for Citigroup shareholders.
Citigroup is a turnaround story, and the market appears to appreciate the new management team&#39;s restructuring plan. Analysts covering the stock praise the planned organizational and business strategy changes, which they see as producing efficiencies and greater accountability.
We will get more updates on the company&#39;s repositioning progress as it reports Q1 results on Friday, April 12th, along with JPMorgan, Wells Fargo, and others.
Citigroup is expected to report $1.41 per share in earnings (down -24.2% year-over-year) on $20.3 billion in revenues (down -5.5%). A combination of pre-announced restructuring charges (that we and others see as very much &#39;recurring&#39; and therefore hard to exclude), increased FDIC assessments, increased reserve additions, and a relatively flat to modestly down trading environment account for the year-over-year declines.
The hope in the Citigroup story is that this year proves to be the promised inflection point, particularly on the expense side, with the full benefit of the restructuring starting to show up next year and beyond.
JPMorgan, which will also report Friday morning with Citigroup, is expected to bring in $4.22 per share in earnings (up +2.9% year-over-year) on $40.8 billion in revenues (up +6.3% YoY).
Analysts have modestly raised their JPMorgan Q1 estimates, with broad industry-wide favorable trends on the deposits side, a steepening yield curve, and positive loan demand trends expected to produce upside on the net-interest income side. Trading activity was, at best, flat for JPMorgan, but investment banking will likely show some growth on the back of increased activity in the equity and debt capital markets.
Concerning M&amp;A and IPOs, management teams have been talking about &#39;green shoots&#39; for some time, and we will likely hear more about that on Friday&#39;s calls. It is reasonable to be optimistic about the outlook for these activities in a soft-landing backdrop and general Fed optimism.
The Zacks Major Banks industry, of which Citigroup, JPMorgan, and Wells Fargo are members, is expected to earn -20.1% less earnings in 2024 Q1 on -1.6% lower revenues. Please note that this industry brought in roughly 50% of the Zacks Finance sector&#39;s total earnings over the trailing four-quarter period.
Q1 earnings for the Zacks Finance sector are expected to be up +3.6% from the same period last year on +2.4% higher revenues.
If you were wondering where the positive earnings growth for the sector is coming from if the big banks are expected to show year-over-year declines, then you can see the answer to that query in the above table what the Insurance industry is expected to bring in (the insurance industry accounts for roughly a third of the sector&#39;s total earnings).
Despite the recent outperformance of big bank stocks, they are still cheap on most conventional valuation metrics.
Admittedly, the industry isn&#39;t as cheap as in October last year when it traded at 7.2X. But the current 9.1X multiple compares to a 10-year high of 12.3X, a low of 7.1X, and a median of 9.1X.
Looking relative to the market as a whole, the Zacks Major Banks industry is currently trading at 43% of the S&amp;P 500 forward 12-month P/E multiple. Over the last 10 years, the industry has traded as high as 73% of the index, as low as 39%, and a median of 55%.
At a time when the S&amp;P 500 index is at or near its record level, the Finance sector&#39;s discounted valuation has to be one of the most attractive investment spots in the market.
This is particularly so for those investors who believe that the economy is headed towards a soft landing that will have all the beneficial knock-on effects on this economically sensitive space regarding credit losses and loan demand.
<h3>This Week&#39;s Earnings Reports</h3>
We will see results from 10 S&amp;P 500 members, including the aforementioned quarterly reports from JPMorgan, Citigroup, and Wells Fargo. Delta Air Lines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dal#NYSE">DAL</a>), Constellation Brands&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stz#NYSE">STZ</a>), and Fastenal&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) are some of the other notable reports this week.
These aren&#39;t the first Q1 earnings reports. Companies with fiscal quarters ending in February have been reporting results already, and all of those reports are counted as part of the Q1 tally. Through Friday, April 5th, we have seen such February-quarter results from 20 S&amp;P 500 members.
Total Q1 earnings for these 20 index members are up +41.5% from the same period last year on +4.8% higher revenues, with 80% beating EPS estimates and 55% beating revenue estimates.
This is too early to draw any firm conclusions, but we nevertheless compare the earnings and revenue growth rates for these 20 index members to other recent periods.
<h3>The Earnings Big Picture</h3>
Looking at Q1 as a whole, total S&amp;P 500 earnings are expected to be up +2.3% from the same period last year on +3.4% higher revenues, which would follow the +6.7% earnings growth on +3.9% revenue gains in the preceding period.
As we have noted here all along, estimates for Q1 came down as the quarter got underway, though the magnitude of cuts to Q1 estimates compared favorably to what we had seen in the comparable period to the preceding quarter.
While Q1 estimates came down in the aggregate, the bulk of the negative revisions were concentrated in the Energy, Autos, Basic Materials, and Transportation sectors. On the flip side, estimates modestly increased for the Retail, Consumer Discretionary, and Tech sectors, enjoying notable positive revisions.
Embedded in current Q1 earnings and revenue estimates is a modest year-over-year decline in net margins.
For 2024 Q1, net margins are expected to be below the year-earlier level for 9 of the 16 Zacks sectors, with the biggest declines in the Energy, Basic Materials, Autos, and Medical sectors. Net margins are expected to be above the year-earlier level for 5 of the 16 Zacks sectors, with the biggest gains at the Tech and Utilities sectors.
The Tech sector is now firmly back in growth mode, and the trend is expected to continue going forward.
For 2024 Q1, Tech sector earnings are expected to increase +19.3% from the same period last year on +8.4% higher revenues. This would follow the sector&#39;s +27.5% higher earnings in 2023 Q4 on +8.8% higher revenues.
The sector experienced a period of post-COVID adjustment in 2022 and the first half of 2023, during which time it became a drag on the aggregate growth picture.
Please keep in mind that Tech isn&#39;t just any other sector; it is the biggest earnings contributor to the S&amp;P 500 index. The sector is currently expected to bring in 28.8% of the index&#39;s total earnings over the coming four-quarter period, with the second and third biggest contributors being Finance and Medical, at 17.7% and 12.5%, respectively.
This means that the Tech sector&#39;s growth profile has a very big impact on the aggregate picture, both negatively and positively.
The Tech sector dragged down the aggregate growth picture in 2022 and the first half of 2023 but now appears ready to resume its historically positive growth role.
Please note that the Tech sector is instrumental in keeping the aggregate growth picture in positive territory in Q1. Excluding the sector&#39;s substantial contribution, Q1 earnings for the rest of the index would be down -3.3% from the same period last year (vs. +2.3% as a whole).
Looking at the overall earnings picture on an annual basis, total 2024 S&amp;P 500 earnings are expected to be up +8.3% on +1.7% revenue growth.
<a href="https://www.zacks.com/stock/news/2251798/citigroup-jpmorgan-and-wells-fargo-are-part-of-zacks-earnings-preview?cid=CS-BENZ-FT-press_releases-2251798">To read this article on Zacks.com click here.</a>

Tech

Citigroup, JPMorgan and Wells Fargo Are Part of Zacks Earnings Preview

Fastenal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) has outperformed the market over the past 10 years by 1.22% on an annualized basis producing an average annual return of 11.94%. Currently, Fastenal has a market capitalization of $44.08 billion. 
Buying $100 In FAST: If an investor had bought $100 of FAST stock 10 years ago, it would be worth $312.29 today based on a price of $77.01 for FAST at the time of writing.
<h3>Fastenal's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711470610_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 10 Years Ago Would Be Worth $300 Today

Fastenal Q1 Earnings: Subdued Demand Despite Improving Manufacturing Outlook

Fastenal Company (FAST) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Fastenal (NASDAQ:<a href="https://investorplace.com/stock-quotes/fast-stock-quote/">FAST</a>) just reported results for the first quarter of 2024.<ul><li>Fastenal reported earnings per share of 52 cents. This was below the analyst estimate for EPS of 53 cents.</li><li>The company reported revenue of $1.90 billion.</li><li>This was 0.79% worse than the analyst estimate for revenue of $1.91 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/fast-stock-earnings-fastenal-for-q1-of-2024/">FAST Stock Earnings: Fastenal Misses EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

FAST Stock Earnings: Fastenal Misses EPS, Misses Revenue for Q1 2024

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