Fastenal (NASDAQ:FAST) Q4 Earnings Preview: Expected EPS of 26 Cents
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12h ago
0mins
Source: Benzinga
- Earnings Expectations: Fastenal is expected to report Q4 earnings of 26 cents per share, up from 23 cents a year ago, indicating a continued improvement in profitability that may positively impact stock prices.
- Revenue Growth: Analysts forecast quarterly revenue of $2.04 billion, a 12.1% increase from $1.82 billion last year, reflecting strong performance amid recovering market demand, which could boost investor confidence.
- Executive Change: Fastenal announced that CEO Daniel L. Florness will step down on July 16, 2026, which, while in the future, may influence the company's strategic direction and investor expectations.
- Analyst Rating Changes: Jefferies upgraded Fastenal from Hold to Buy, raising the price target from $45 to $52, reflecting optimistic market sentiment regarding the company's future growth, potentially driving stock price increases.
Analyst Views on FAST
Wall Street analysts forecast FAST stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FAST is 43.43 USD with a low forecast of 38.00 USD and a high forecast of 48.00 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.
11 Analyst Rating
2 Buy
5 Hold
4 Sell
Hold
Current: 43.530
Low
38.00
Averages
43.43
High
48.00
Current: 43.530
Low
38.00
Averages
43.43
High
48.00
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.
