Fastenal Co reports results for the quarter ended December 31 - Earnings Summary

• Fastenal Co FAST.OQ reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of fourteen analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 47 cents to 49 cents per share.

• Revenue rose 3.7% to $1.82 billion from a year ago; analysts expected $1.84 billion.

• Fastenal Co's reported EPS for the quarter was 46 cents​.

• The company reported quarterly net income of $262.1 million.

• Fastenal Co shares had risen by 4.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 11 "hold" and 4 "sell" or "strong sell."

• The average consensus recommendation for the industrial machinery & equipment peer group is also "hold"

Wall Street's median 12-month price target for Fastenal Co is $76.00

This summary was machine generated from LSEG data January 17 at 03:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)