Top Wall Street Forecasters Revamp Fastenal Price Expectations Ahead Of Q1 Earnings

Fastenal Company (NASDAQ:FAST) will release earnings results for the first quarter, before the opening bell on Friday, April 11.

Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 52 cents per share, compared to 52 cents per share in the year-ago period. Fastenal projects to report quarterly revenue at $1.95 billion, compared to $1.9 billion a year earlier, according to data from Benzinga Pro.

On Jan. 17, Fastenal reported sales growth of 3.7% year-over-year to $1.825 billion, missing the consensus of $1.844 billion.

Fastenal shares gained 7.4% to close at $76.47 on Wednesday.

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https://www.benzinga.com/25/04/44728744/top-wall-street-forecasters-revamp-fastenal-price-expectations-ahead-of-q1-earnings