Fastenal (Nasdaq: FAST) is expected to report Q2 earnings around July 10. 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 increase 6.5% and EPS will grow 7.9%.

The average estimate for revenue is $857.1 million. On the bottom line, the average EPS estimate is $0.41.

Revenue details
 Last quarter, Fastenal reported revenue of $806.3 million. GAAP reported sales were 4.9% higher than the prior-year quarter's $768.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, EPS came in at $0.37. GAAP EPS of $0.37 for Q1 were 8.8% higher than the prior-year quarter's $0.34 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 52.3%, 100 basis points better than the prior-year quarter. Operating margin was 21.6%, 60 basis points better than the prior-year quarter. Net margin was 13.5%, 50 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.40 billion. The average EPS estimate is $1.59.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fastenal is outperform, with an average price target of $50.29.

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