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Barchart
Barchart
Kritika Sarmah

Fastenal Earnings Preview: What to Expect

FAST Fastenal

Fastenal Company (FAST), headquartered in Winona, Minnesota, engages in the wholesale distribution of industrial and construction supplies. With a market cap of $41.2 billion, the company offers fasteners, cutting tools, metal working, lifting, hardware, plumbing, lubricant, and other related products. FAST is all geared to announce its fiscal fourth-quarter earnings for 2024 before the market opens on Friday, Jan. 17.

Ahead of the event, analysts expect FAST to report a profit of $0.48 per share on a diluted basis, up 4.4% from the year-ago quarter. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion. 

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