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Fastenal (FAST) Meets Q4 Earnings Estimates, Tops Revenues

Zacks Equity Research
Updated

Fastenal Company FAST is a national wholesale distributor of industrial and construction supplies. It distributes its products through company-owned stores mostly located in North America. The company has gradually grown from a fastener distributor to a full-line industrial supplier.

Investors should also note the recent earnings estimate revisions for FAST has been mostly stable in the last 30 days. However, Fastenal has delivered positive earnings surprises in two of the last four quarters, making an average beat of 2.32%.

Currently, FAST has a Zacks Rank #3 (Hold), but that could definitely change following Fastenal’s earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: FAST reported adjusted EPS of 45 cents per share, in line with the Zacks Consensus Estimate.

Revenues: FAST reported revenues of $1.09 billion, which surpassed the consensus estimate of $1.08 billion.

Key Stats to Note: Fastenal’s total average daily sales increased 14.8% in the fourth quarter of 2017, higher than 13.6% increase reported in the third quarter.

Fastenal Company Price and EPS Surprise

Fastenal Company Price and EPS Surprise | Fastenal Company Quote

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Check back later for our full write up on this FAST earnings report later!

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