Earnings Preview: Fastenal
Portfolio Pulse from Benzinga Insights
Fastenal (NASDAQ:FAST) is scheduled to release its quarterly earnings report on January 18, 2024. Analysts predict an EPS of $0.45. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Fastenal's stock price has shown mixed reactions to earnings reports. Shares are currently trading at $63.77, up 35.9% over the past year. The company's past earnings performance and stock price reaction may influence investor expectations for this upcoming report.
January 17, 2024 | 2:00 pm
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Fastenal is expected to report an EPS of $0.45 for the upcoming quarter. Historical data shows mixed stock price reactions to earnings reports. Shares have risen 35.9% over the last year, indicating a positive trend.
While Fastenal has a history of beating EPS estimates, the stock price reaction has been mixed. The positive long-term trend may set high expectations, but the actual impact will depend on whether they meet or exceed EPS predictions and provide favorable future guidance.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100