Fastenal (Nasdaq: FAST ) is expected to report Q4 earnings around Jan. 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Fastenal's revenues will grow 8.8% and EPS will expand 13.3%.
The average estimate for revenue is $759.5 million. On the bottom line, the average EPS estimate is $0.34.
Last quarter, Fastenal chalked up revenue of $802.6 million. GAAP reported sales were 10% higher than the prior-year quarter's $726.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.37. GAAP EPS of $0.37 for Q3 were 12% higher than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 51.6%, 30 basis points worse than the prior-year quarter. Operating margin was 21.9%, 60 basis points better than the prior-year quarter. Net margin was 13.6%, 30 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $3.14 billion. The average EPS estimate is $1.42.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fastenal is hold, with an average price target of $43.29.
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