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

• Fastenal Co FAST.OQ reported quarterly adjusted earnings of 52 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of thirteen analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 51 cents to 54 cents per share.

• Revenue rose 3.4% to $1.96 billion from a year ago; analysts expected $1.95 billion.

• Fastenal Co's reported EPS for the quarter was 52 cents​.

• The company reported quarterly net income of $298.7 million.

• Fastenal Co shares had fallen by 2.3% this quarter and gained 5.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 11 "hold" and 2 "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 April 11 at 02:31 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)