Fastenal Company’s (FAST) shares lost more than 5.7% in the pre-market trading session on Apr 11, 2024, after it reported first-quarter 2024 results. Earnings and net sales missed the Zacks Consensus Estimate. The adverse weather conditions and the impact of customer and product mix have affected Fastenal's quarterly results.Earnings & Sales in DetailThe company reported earnings per share (EPS) of 52 cents, which missed the consensus mark by a penny and remained flat from the year-ago period.Net sales tota ...

Fastenal (FAST) reported $1.9 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 1.9%. EPS of $0.52 for the same period compares to $0.52 a year ago.The reported revenue represents a surprise of -0.98% over the Zacks Consensus Estimate of $1.91 billion. With the consensus EPS estimate being $0.53, the EPS surprise was -1.89%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Fastenal (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 l ...

EXHIBIT 99.1 Fastenal Company Reports 2024 First Quarter Earnings WINONA, Minn., April 11, 2024 (BUSINESS WIRE) -- Fastenal Company (Nasdaq:FAST), a leader in the wholesale distribution of industrial and construction supplies, today announced its financial results for the quarter ended March 31, 2024. Except for share and per share information, or as otherwise noted below, dollar amounts are stated in millions. Throughout this document, percentage and dollar calculations, which are based on non-rounded doll ...

Wall Street analysts expect Fastenal (FAST) to post quarterly earnings of $0.53 per share in its upcoming report, which indicates a year-over-year increase of 1.9%. Revenues are expected to be $1.92 billion, up 3.1% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is crucial to give ...

Fastenal (FAST) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 11. On t ...

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Fastenal Company (FAST) has been benefiting through proficient management of operating expenses and a robust business model. The expansion of Onsite locations, especially those inaugurated in 2023 and 2022, coupled with the inclusion of large customers, has further propelled its growth trajectory. Additionally, Fastenal’s leverage in its digital strategy, onsite/offsite mix and market share gains across its product categories are expected to drive growth.Shares of this Winona, MN-based national wholesale di ...