Fastenal Set to Announce Q1 Earnings with Mixed Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy FAST?
Source: seekingalpha
- Earnings Announcement Date: Fastenal (FAST) is set to release its Q1 2023 earnings on April 13 before market open, with a consensus EPS estimate of $0.30, reflecting a significant year-over-year decline of 42.3%, indicating potential profitability challenges.
- Revenue Expectations: The revenue estimate stands at $2.2 billion, representing a 12.2% year-over-year increase, suggesting that despite challenges, Fastenal retains some sales growth potential, highlighting its competitive position in the market.
- Historical Performance Review: Over the past two years, Fastenal has beaten EPS estimates 63% of the time and revenue estimates 50% of the time, demonstrating a degree of financial stability, although current pressures are evident.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen four upward revisions and no downward adjustments, while revenue estimates experienced seven upward revisions and two downward adjustments, indicating analysts' growing confidence in Fastenal's future performance.
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Analyst Views on FAST
Wall Street analysts forecast FAST stock price to fall
9 Analyst Rating
3 Buy
3 Hold
3 Sell
Hold
Current: 49.100
Low
38.00
Averages
45.00
High
52.00
Current: 49.100
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). 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, warehouse and storage, data centers, and certain retail trades. The Company also invests in digital solutions and leverages local inventory for same-day solutions and provides services.
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.
Fastenal Set to Announce Q1 Earnings with Mixed Estimates
- Earnings Announcement Date: Fastenal (FAST) is set to release its Q1 2023 earnings on April 13 before market open, with a consensus EPS estimate of $0.30, reflecting a significant year-over-year decline of 42.3%, indicating potential profitability challenges.
- Revenue Expectations: The revenue estimate stands at $2.2 billion, representing a 12.2% year-over-year increase, suggesting that despite challenges, Fastenal retains some sales growth potential, highlighting its competitive position in the market.
- Historical Performance Review: Over the past two years, Fastenal has beaten EPS estimates 63% of the time and revenue estimates 50% of the time, demonstrating a degree of financial stability, although current pressures are evident.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen four upward revisions and no downward adjustments, while revenue estimates experienced seven upward revisions and two downward adjustments, indicating analysts' growing confidence in Fastenal's future performance.
See More
Earnings Forecast for Q1 2026
- Goldman Sachs Earnings Outlook: Goldman Sachs is expected to report an EPS of $16.34 for Q1 2026, reflecting a 15.72% increase year-over-year, indicating sustained profitability and market confidence, having beaten expectations every quarter last year, with the highest beat at 19.03%.
- Fastenal Performance Forecast: Fastenal anticipates an EPS of $0.30 for Q1 2026, representing a 15.38% increase compared to the same quarter last year, despite missing consensus in Q3 2025, showcasing significant growth potential and competitive strength in its industry.
- Sify Earnings Warning: Sify Technologies forecasts an EPS of $0.00 for Q1 2026, a 100% decrease year-over-year, highlighting major challenges, with a 2026 P/E ratio of -346.00, far below the industry average, indicating urgent need for improvement in profitability.
- Industry Comparison Analysis: Goldman Sachs has a P/E ratio of 15.67, below the industry average of 16.20, while Fastenal's P/E ratio of 39.60 significantly exceeds the industry average of 16.60, reflecting differing performance and growth potential among companies in the market.
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Fastenal Declares $0.24 Cash Dividend Per Share
- Dividend Declaration: Fastenal's board has declared a cash dividend of $0.24 per share to be paid on May 26, 2026, to shareholders of record as of April 28, 2026, indicating the company's ongoing cash flow strength and profitability.
- Historical Dividend Payments: Fastenal has been paying annual dividends since 1991 and expanded to quarterly payments in 2011, demonstrating a long-term commitment to shareholder returns and enhancing investor confidence.
- Stock Repurchase Activity: In Q1 2026, Fastenal repurchased 425,000 shares of common stock at an average price of $47.27 per share, reflecting the company's confidence in its stock value and its strategy to reward shareholders.
- Future Dividend Outlook: While the board intends to continue quarterly dividend payments, future distributions will depend on the company's financial condition and operational results, showcasing a cautious approach in an uncertain economic environment.
See More
Fastenal to Release Q1 Earnings on April 13
- Earnings Announcement: Fastenal Company is set to release its Q1 earnings on April 13, with analysts projecting earnings of 30 cents per share and revenue of $2.19 billion, indicating stable performance in the market.
- Market Reaction: Ahead of the earnings report, Fastenal's shares fell by 0.5% on Tuesday, reflecting cautious investor sentiment regarding the upcoming financial data, which may impact short-term market confidence.
- Analyst Expectations: Analysts' earnings expectations for Fastenal demonstrate confidence in its continued growth, despite market fluctuations, with projections indicating the company will maintain stable revenue streams.
- Industry Context: As a key player in the industrial supply sector, Fastenal's earnings report will provide critical insights into the health of the industry, particularly in the current economic climate.
See More
Markets Decline Amid Uncertainty Over Iran Conflict
- Troop Deployment News: The Pentagon's plan to send 3,000 soldiers to the Middle East caused markets to decline after an earlier rally, reflecting ongoing uncertainty over the Iran conflict, which may dampen investor confidence.
- Oil Price Surge: West Texas Intermediate crude rose about 5% to $92 per barrel, indicating market sensitivity to geopolitical risks that could lead to volatility in energy stocks.
- Optical Market Activity: Applied Optoelectronics announced a new order worth over $53 million for 800G data center transceivers, driving its stock up nearly 20% and boosting shares of Corning and other optical companies, signaling strong demand in the sector.
- Home Depot Acquisition: Home Depot's SRS Distribution subsidiary is acquiring HVAC distributor Mingledorff's, expanding its total addressable market to $1.2 trillion, aligning with its strategy to enhance offerings for professional customers, which is expected to drive future revenue growth.
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Analysis of IYM ETF's 52-Week Price Fluctuations
- Price Range Analysis: The IYM ETF has a 52-week low of $115.07 and a high of $189.805, with the last trade at $167.19, indicating significant price fluctuations over the past year that can help investors assess market performance.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average provides valuable insights for investors, aiding in the assessment of market trends and potential buy or sell opportunities.
- ETF Unit Trading Mechanism: ETFs trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows or outflows, providing timely insights into market dynamics and potential investment opportunities.
See More
Fastenal Set to Announce Q1 Earnings with Mixed Estimates
- Earnings Announcement Date: Fastenal (FAST) is set to release its Q1 2023 earnings on April 13 before market open, with a consensus EPS estimate of $0.30, reflecting a significant year-over-year decline of 42.3%, indicating potential profitability challenges.
- Revenue Expectations: The revenue estimate stands at $2.2 billion, representing a 12.2% year-over-year increase, suggesting that despite challenges, Fastenal retains some sales growth potential, highlighting its competitive position in the market.
- Historical Performance Review: Over the past two years, Fastenal has beaten EPS estimates 63% of the time and revenue estimates 50% of the time, demonstrating a degree of financial stability, although current pressures are evident.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen four upward revisions and no downward adjustments, while revenue estimates experienced seven upward revisions and two downward adjustments, indicating analysts' growing confidence in Fastenal's future performance.
See More
Earnings Forecast for Q1 2026
- Goldman Sachs Earnings Outlook: Goldman Sachs is expected to report an EPS of $16.34 for Q1 2026, reflecting a 15.72% increase year-over-year, indicating sustained profitability and market confidence, having beaten expectations every quarter last year, with the highest beat at 19.03%.
- Fastenal Performance Forecast: Fastenal anticipates an EPS of $0.30 for Q1 2026, representing a 15.38% increase compared to the same quarter last year, despite missing consensus in Q3 2025, showcasing significant growth potential and competitive strength in its industry.
- Sify Earnings Warning: Sify Technologies forecasts an EPS of $0.00 for Q1 2026, a 100% decrease year-over-year, highlighting major challenges, with a 2026 P/E ratio of -346.00, far below the industry average, indicating urgent need for improvement in profitability.
- Industry Comparison Analysis: Goldman Sachs has a P/E ratio of 15.67, below the industry average of 16.20, while Fastenal's P/E ratio of 39.60 significantly exceeds the industry average of 16.60, reflecting differing performance and growth potential among companies in the market.
See More
Fastenal Declares $0.24 Cash Dividend Per Share
- Dividend Declaration: Fastenal's board has declared a cash dividend of $0.24 per share to be paid on May 26, 2026, to shareholders of record as of April 28, 2026, indicating the company's ongoing cash flow strength and profitability.
- Historical Dividend Payments: Fastenal has been paying annual dividends since 1991 and expanded to quarterly payments in 2011, demonstrating a long-term commitment to shareholder returns and enhancing investor confidence.
- Stock Repurchase Activity: In Q1 2026, Fastenal repurchased 425,000 shares of common stock at an average price of $47.27 per share, reflecting the company's confidence in its stock value and its strategy to reward shareholders.
- Future Dividend Outlook: While the board intends to continue quarterly dividend payments, future distributions will depend on the company's financial condition and operational results, showcasing a cautious approach in an uncertain economic environment.
See More
Fastenal to Release Q1 Earnings on April 13
- Earnings Announcement: Fastenal Company is set to release its Q1 earnings on April 13, with analysts projecting earnings of 30 cents per share and revenue of $2.19 billion, indicating stable performance in the market.
- Market Reaction: Ahead of the earnings report, Fastenal's shares fell by 0.5% on Tuesday, reflecting cautious investor sentiment regarding the upcoming financial data, which may impact short-term market confidence.
- Analyst Expectations: Analysts' earnings expectations for Fastenal demonstrate confidence in its continued growth, despite market fluctuations, with projections indicating the company will maintain stable revenue streams.
- Industry Context: As a key player in the industrial supply sector, Fastenal's earnings report will provide critical insights into the health of the industry, particularly in the current economic climate.
See More
Markets Decline Amid Uncertainty Over Iran Conflict
- Troop Deployment News: The Pentagon's plan to send 3,000 soldiers to the Middle East caused markets to decline after an earlier rally, reflecting ongoing uncertainty over the Iran conflict, which may dampen investor confidence.
- Oil Price Surge: West Texas Intermediate crude rose about 5% to $92 per barrel, indicating market sensitivity to geopolitical risks that could lead to volatility in energy stocks.
- Optical Market Activity: Applied Optoelectronics announced a new order worth over $53 million for 800G data center transceivers, driving its stock up nearly 20% and boosting shares of Corning and other optical companies, signaling strong demand in the sector.
- Home Depot Acquisition: Home Depot's SRS Distribution subsidiary is acquiring HVAC distributor Mingledorff's, expanding its total addressable market to $1.2 trillion, aligning with its strategy to enhance offerings for professional customers, which is expected to drive future revenue growth.
See More
Analysis of IYM ETF's 52-Week Price Fluctuations
- Price Range Analysis: The IYM ETF has a 52-week low of $115.07 and a high of $189.805, with the last trade at $167.19, indicating significant price fluctuations over the past year that can help investors assess market performance.
- Technical Analysis Tool: Comparing the current share price to the 200-day moving average provides valuable insights for investors, aiding in the assessment of market trends and potential buy or sell opportunities.
- ETF Unit Trading Mechanism: ETFs trade like stocks, where investors buy and sell 'units' that can be created or destroyed based on demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding helps identify ETFs experiencing notable inflows or outflows, providing timely insights into market dynamics and potential investment opportunities.
See More
