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Barchart
Barchart
Kritika Sarmah

What to Expect From Fastenal’s Next Quarterly Earnings Report

FAST Fastenal

Valued at $52.3 billion by market cap, Fastenal Company (FAST) is a leading distributor of industrial and construction supplies, serving customers across manufacturing, construction, warehousing, transportation, government, and other industries. Headquartered in Winona, Minnesota, the company operates an extensive network of branches, onsite locations, distribution centers, and vending machines throughout North America and internationally.

The industrial sector giant is expected to release its second-quarter results before the market opens on Monday, July 13. Ahead of the event, analysts expect FAST to deliver an adjusted EPS of $0.33, up 13.8% from $0.29 reported in the year-ago quarter. The company has a mixed earnings surprise history. While it has met or exceeded Street’s bottom-line estimates thrice over the past four quarters, it has missed Street's projections on another occasion.

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