Top Wall Street Forecasters Revamp Fastenal Expectations Ahead Of Q3 Earnings

Earnings Report - Fastenal Company is set to release its third-quarter earnings results on October 13, with analysts expecting earnings of 30 cents per share, an increase from 26 cents per share in the same period last year [1] - The company projects quarterly revenue of $2.13 billion, compared to $1.91 billion a year earlier [1] Stock Performance - Fastenal shares fell 0.7% to close at $47.45 on Tuesday [2] Analyst Ratings - Baird analyst David Manthey upgraded Fastenal from Neutral to Outperform and raised the price target from $47 to $55 [4] - Stephens & Co. analyst Tommy Moll maintained an Equal-Weight rating and increased the price target from $40 to $45 [4] - Loop Capital analyst Chris Dankert maintained a Hold rating and raised the price target from $40 to $45 [4] - Morgan Stanley analyst Chris Snyder maintained an Equal-Weight rating and increased the price target from $38 to $40 [4] - William Blair analyst Ryan Merkel upgraded the stock from Market Perform to Outperform [4]