Fastenal (FAST) Set to Report Q4 Earnings with Revenue Estimate of $2.04B and EPS Down 43.5%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Earnings Announcement Schedule: Fastenal is set to announce its Q4 earnings on January 20 before market open, with a consensus EPS estimate of $0.26, reflecting a significant 43.5% year-over-year decline, indicating pressure on profitability.
- Revenue Expectations: The revenue estimate for Q4 stands at $2.04 billion, representing a 12.1% year-over-year increase, suggesting that despite the earnings decline, market demand remains robust.
- Historical Performance Review: Over the past two years, Fastenal has beaten EPS estimates 63% of the time and revenue estimates 38% of the time, indicating some capacity to exceed expectations, although recent performance has been lackluster.
- Estimate Revision Trends: In the last three months, there have been no upward revisions to EPS estimates and 11 downward revisions, while revenue estimates saw 5 upward and 7 downward revisions, reflecting analysts' mixed views on the company's future performance.
Analyst Views on FAST
Wall Street analysts forecast FAST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FAST is 45.00 USD with a low forecast of 38.00 USD and a high forecast of 52.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
3 Buy
3 Hold
3 Sell
Hold
Current: 43.530
Low
38.00
Averages
45.00
High
52.00
Current: 43.530
Low
38.00
Averages
45.00
High
52.00
About FAST
Fastenal Company is engaged in the wholesale distribution of industrial and construction supplies. The Company is a distributor of threaded fasteners, bolts, nuts, screws, studs, and related washers, as well as miscellaneous supplies and hardware, such as pins, machinery keys, concrete anchors, metal framing systems, wire rope, struts, rivets, and related accessories. Its business tools include Fastenal Managed Inventory (FMI), Bin stock (FASTStock and FASTBin) and Industrial vending (FASTVend). The Company also invests in digital solutions that aim to deliver value for its customers, leverage local inventory for same-day solutions, and provide service. It serves general and commercial contractors in non-residential end markets as well as farmers, truckers, railroads, oil exploration companies, oil production and refinement companies, mining companies, federal, state, and local governmental entities, schools, and certain retail trades.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
