Fastenal Co reports results for the quarter ended June 30 - Earnings Summary

• Fastenal Co FAST reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 28 cents to 29 cents per share.

• Revenue rose 8.6% to $2.08 billion from a year ago; analysts expected $2.07 billion.

• Fastenal Co's reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $330.3 million.

• Fastenal Co shares had risen by 3.0% this quarter and gained 20.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.3% 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 3 "strong buy" or "buy," 11 "hold" and 2 "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 $40.50, about 6.8% below its last closing price of $43.27

This summary was machine generated from LSEG data July 14 at 02:31 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)