The headline numbers for Fastenal (FAST) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Shares of Fastenal (FAST) stumbled in premarket trading Friday after the industrial parts company's fourth-quarter results came in short of what analysts had expected.
Fastenal (FAST) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.46 per share a year ago.
For Fastenal's fourth quarter, Wall Street is looking for earnings per share of 48 cents from sales of $1.8 billion.
FAST's Q4 results are likely to reflect manufacturing growth, albeit at a slow pace, with a strong digital strategy and a balanced onsite/offsite mix. Yet, soft industrial markets are concerning.
Fastenal Company FAST will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025.
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Get a deeper insight into the potential performance of Fastenal (FAST) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Fastenal Company FAST will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025.
Fastenal has a robust dividend growth history, increasing dividends for 25 consecutive years, and a strong long-term track record of revenue and earnings growth. Shares are currently overvalued, trading at nearly 36 times 2024 earnings estimates, above the historical average, posing a risk to strong returns. I rate Fastenal as a hold, awaiting a valuation closer to my target range of 28 to 30 times earnings for a more attractive entry point.
FAST's average daily sales increase year over year, backed by strong trends across the total Manufacturing end market.
The Home Depot, Lowe's, Fastenal, Beacon Roofing Supply and Tecnoglass have been highlighted in this Industry Outlook article.