The Latest Breaking News from Fastenal

Fastenal Co (NASDAQ:FAST) reported first-quarter FY22 sales growth of 20.3% year-over-year to $1.70 billion, beating the consensus of $1.68 billion. Fastenal's net daily sales increased 18.4% Y/Y. Gross profit improved by 23.3% to $793.3 million, while the gross margin expanded by 120 bps to 46.6%. The operating income increased by 27.7% Y/Y…

This week starts first-quarter earnings season, with several major financial firms among the bigger names announcing results.

Fastenal (NASDAQ:FAST) is set to give its latest quarterly earnings report on Wednesday, 2022-04-13. Here's what investors need to know before the announcement. Analysts estimate that Fastenal will report an earnings per share (EPS) of $0.44.

The industrial sector is expected to grow significantly in the coming months, driven by strong demand from various industry sectors and increased business spending amid an expected economic recovery and accelerated digital transformation. Given these factors, we think it could be wise to invest in fundamentally strong industrial distribution stocks…

In terms of fundamentals, the company has posted rising EPS growth in each of the last two reports. Revenue gains have also increased over the same time frame.

If history is any guide, there may be trouble ahead for shares of Fastenal (NASDAQ:FAST). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Wells Fargo analyst Michael McGinn upgraded Fastenal Company (NASDAQ: FAST) to Equal Weight from Underweight and raised the price target to $58 (an upside of 5.5%), from $50.

Fastenal Co (NASDAQ:FAST) reported fourth-quarter FY21 sales growth of 12.8% year-over-year to $1.53 billion, beating the consensus of $1.51 billion. The company continued to experience robust and economically-driven growth in underlying demand for manufacturing and construction equipment and supplies, which drove higher unit sales. Gross profit improved by 15.2% to $712.9 million, while…

  Fastenal (NASDAQ:FAST) reported its Q4 earnings results on Wednesday, January 19, 2022 at 06:50 AM. Here's what investors need to know about the announcement.

Fastenal (NASDAQ: FAST) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.38 by 5.26 percent. This is a 17.65 percent increase over earnings of $0.34 per share from the same period last year.

Fastenal (NASDAQ:FAST) is set to give its latest quarterly earnings report on Wednesday, 2022-01-19. Here's what investors need to know before the announcement. Analysts estimate that Fastenal will likely report an Earnings Per Share (EPS) of $0.37.