Fastenal Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Earnings and Revenue Projections - Fastenal Company is set to release its fourth-quarter financial results on January 17, 2025, before the market opens [1] - Analysts expect the company to report quarterly earnings of 48 cents per share, up from 46 cents per share in the same period last year [1] - The company projects quarterly revenue of $1.84 billion, compared to $1.76 billion a year earlier [1] - Fastenal previously reported better-than-expected third-quarter financial results on October 11 [1] Stock Performance and Analyst Ratings - Fastenal shares increased by 0.7% to close at $74.27 on Wednesday [2] - Jefferies analyst Stephen Volkmann maintained a Hold rating and raised the price target from $74 to $85 on December 6, 2024, with an accuracy rate of 71% [3] - UBS analyst Amit Mehrotra assumed a Neutral rating and raised the price target from $71 to $88 on November 13, 2024, with an accuracy rate of 75% [3] - Morgan Stanley analyst Chris Snyder maintained an Equal-Weight rating and raised the price target from $72 to $76 on October 14, 2024, with an accuracy rate of 71% [3] - Stephens & Co analyst Tommy Moll maintained an Equal-Weight rating and increased the price target from $56 to $75 on October 14, 2024, with an accuracy rate of 79% [3] - Baird analyst David Manthey maintained a Neutral rating and raised the price target from $67 to $80 on October 14, 2024, with an accuracy rate of 77% [3]