Fastenal Q2 GAAP EPS $0.52 Vs $0.50 Prior Year, Sales $1.88B Miss $1.89B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fastenal (NASDAQ:FAST) reported Q2 earnings of $0.52 per share, missing the analyst consensus estimate of $0.53 by 1.89 percent. This is a 4 percent increase from the same period last year. The company's quarterly sales of $1.88 billion also missed the analyst consensus estimate of $1.89 billion by 0.37 percent, but it's a 5.85 percent increase from the same period last year.
July 13, 2023 | 10:51 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Fastenal's Q2 earnings and sales missed analyst estimates, but both increased compared to the same period last year.
Fastenal's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock. However, the year-over-year growth in both earnings and sales could offset this negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100