Fastenal Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Fastenal Company (NASDAQ:FAST) is set to release its Q3 financial results on Oct. 12, 2023. Analysts predict earnings of 50 cents per share, matching the previous year's earnings, and revenue of $1.85 billion, up from $1.80 billion. Fastenal's stock fell 1.1% to close at $55.85 on Tuesday. Recent analyst ratings include Morgan Stanley's Underweight rating with a price target of $50, Baird's Neutral rating with a price target of $57, Stifel's Buy rating with a price target of $61, and Loop Capital's Hold rating with a price target of $53.
October 11, 2023 | 6:56 am
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Fastenal is expected to release its Q3 results soon. Analysts predict stable earnings and a slight increase in revenue. The stock recently fell by 1.1%. Analysts' ratings vary, with price targets ranging from $50 to $61.
The upcoming earnings release is a significant event for Fastenal. Analysts' predictions of stable earnings and slightly increased revenue indicate a steady performance. However, the recent 1.1% fall in stock price and the varying analyst ratings suggest uncertainty in the market. This could lead to volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100