Fastenal Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Fastenal Company (NASDAQ:FAST) is set to release its Q1 earnings on April 11, 2024, with analysts forecasting an earnings increase to 53 cents per share from 52 cents the previous year, and revenue expected to rise to $1.91 billion from $1.86 billion. Following better-than-expected Q4 results, Fastenal's stock slightly increased. Recent analyst ratings include a Buy from Stifel with a price target of $85, a Neutral from Baird with a target of $77, a Hold from HSBC with a target of $59, and a Hold from Loop Capital with a target of $53.
April 10, 2024 | 9:18 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Fastenal is anticipated to report increased earnings and revenue for Q1 2024. Analyst ratings show a positive outlook, with a notable Buy rating from Stifel and a price target increase.
The anticipation of increased earnings and revenue for Fastenal, coupled with positive analyst ratings and recent price target adjustments, suggests a positive short-term impact on FAST's stock price. The company's performance exceeding expectations in the previous quarter further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100