Did you analyze how Fastenal (FAST) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this maker of industrial and construction fasteners, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth pa ...

Fastenal (FAST) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of industrial and construction fasteners have returned -11.8%, compared to the Zacks S&P 500 composite's -1.7% change. During this period, the Zacks Building Products - Retail industry, which Fastenal falls in, has lost 9.2%. The key question now is: What could be the stock' ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024, or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission file number 0-16125 FASTENAL COMPANY (Exact name of registrant as specified in its charter) Minnesota 4 ...

Fastenal (FAST) has been on a downward spiral lately with significant selling pressure. After declining 7.2% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ov ...

Headwinds proved too much to overcome in the first quarter.Fastenal (FAST -6.96%) continues to see sluggish demand in the industrial sector, and its latest results are weighing on the stock. Shares of Fastenal were down 7% at 3:30 p.m. ET. after the parts distributor reported first-quarter results.Demand remains a questionFastenal is a distributor of industrial and construction supplies, meaning that a lot of its customers were facing headwinds in 2023. But the company's sales have largely held up better-th ...

Key PointsFastenal had a challenging quarter, but its diversified model produced growth and solid cash flow. Dividends are safe and growing, a special dividend is possible, and analysts support the market. The stock price may fall more now, but a bottom will be reached soon, and longer-term gains are coming. 5 stocks we like better than FastenalDividend Aristocrat Fastenal NASDAQ: FAST fell about 5% after its Q1 release and may fall further. Not because the business is flagging but because the valuation has ...

Key TakeawaysFastenal missed first-quarter profit, sales, and operating profit margin estimates, which it attributed to weaker demand because of a soft manufacturing sector.The company also said bad weather and a "tricky calendar" had negative impacts on results.Sales of fasteners declined 4.4% from the year earlier. Shares of Fastenal (FAST) slipped Thursday as the distributor of fasteners and tools attributed lower-than-expected quarterly results to weakness in the manufacturing sector. The company report ...

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 ...