Fastenal (Nasdaq: FAST) is expected to report Q2 earnings July 12. 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 expand 15.4% and EPS will expand 15.6%.

The average estimate for revenue is $809.6 million. On the bottom line, the average EPS estimate is $0.37.

Revenue details
Last quarter, Fastenal logged revenue of $768.9 million. GAAP reported sales were 20% higher than the prior-year quarter's $640.6 million.

My

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 $0.34. GAAP EPS of $0.34 for Q1 were 26% higher than the prior-year quarter's $0.27 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 51.3%, 70 basis points worse than the prior-year quarter. Operating margin was 21.0%, 90 basis points better than the prior-year quarter. Net margin was 13.0%, 60 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $3.20 billion. The average EPS estimate is $1.44.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fastenal is hold, with an average price target of $45.50.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.