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Barchart
Barchart
Aditya Sarawgi

Earnings Preview: What To Expect From Fastenal's Report

Fastenal FAST

Winona, Minnesota-based Fastenal Company (FAST) engages in the wholesale distribution of industrial and construction supplies in North America and internationally. Valued at approximately $54.6 billion by market cap, Fastenal offers various industrial and construction-related products through its company-owned stores.

The industrial sector giant is expected to release its third-quarter results before the market opens on Monday, Oct. 13. Ahead of the event, analysts expect FAST to deliver an adjusted EPS of $0.30, up 15.4% from $0.26 reported in the year-ago quarter. The company has a mixed earnings surprise history. While it has met or surpassed the Street’s bottom-line estimates thrice over the past four quarters, it has missed the projections on one other occasion.

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