Fastenal Co reports results for the quarter ended March 31 - Earnings Summary

• Fastenal Co FAST.OQ reported quarterly adjusted earnings of 30 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 30 cents per share. Wall Street expected results to range from 29 cents to 31 cents per share.

• Revenue rose 12.4% to $2.20 billion from a year ago; analysts expected $2.20 billion.

• Fastenal Co's reported EPS for the quarter was 30 cents​.

• The company reported quarterly net income of $339.8 million.

• Fastenal Co shares had risen by 6.0% this quarter and gained 22.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy," 8 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

• Wall Street's median 12-month price target for Fastenal Co is $45.50, about 8.1% below its last closing price of $49.17

This summary was machine generated from LSEG data April 13 at 12:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)