Fastenal Q3 EPS $0.52 Beats $0.50 Estimate, Sales $1.85B Miss $1.85B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fastenal (NASDAQ:FAST) reported Q3 earnings of $0.52 per share, beating the analyst consensus estimate of $0.50 by 4%. However, the company's quarterly sales of $1.85 billion missed the analyst consensus estimate of $1.85 billion by 0.22%.
October 12, 2023 | 10:51 am
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NEUTRAL IMPACT
Fastenal's Q3 earnings beat estimates but sales slightly missed the mark.
Fastenal's earnings beat could potentially boost investor confidence, however, the slight miss on sales could offset this positive sentiment. The net impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100