FAST - Fastenal Q1 Earnings and Revenues Lag Estimates | Benzinga
Fastenal (NASDAQ: FAST) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1.89%. A quarter ago, it was expected that this maker of industrial and construction fasteners would post earnings of $0.45 per share when it actually produced earnings of $0.46, delivering a surprise of 2.22%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Fastenal, which belongs to the Zacks Building Products - Retail industry, posted revenues of $1.9 billion for the quarter ended March 2024, missing the Zacks Consensus Estimate by 0.98%. This compares to year-ago revenues of $1.86 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Fastenal shares have ...