Fastenal (FAST) Q1 Earnings & Sales Miss Estimates, Shares Down [Yahoo! Finance]
Fastenal Company (FAST)
Last fastenal company earnings: 4/14 06:50 am
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US:NASDAQ Investor Relations:
investor.fastenal.com
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Source: Yahoo! Finance
Earnings and net sales missed the Zacks Consensus Estimate. The adverse weather conditions and the impact of customer and product mix have affected Fastenal's quarterly results. Earnings & Sales in Detail The company reported earnings per share (EPS) of 52 cents, which missed the consensus mark by a penny and remained flat from the year-ago period. Net sales totaled $1,895.1 million, missing the consensus mark of $1,916 million but increasing 1.9% from the year-ago level. Daily sales of $29.6 million increased 1.9% year over year in the reported quarter. Fastenal's first-quarter sales were influenced by adverse weather conditions, with a more pronounced negative impact compared to the previous year. While adverse weather reduced sales by 35 to 55 basis points (bps), foreign exchange fluctuations had negligible effects on sales, a contrast to the 70 bps reduction observed in 2023. However, the company saw increased unit sales in 2024, driven by growth with larger customers an
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News
- Understanding Fastenal (FAST) Reliance on International Revenue [Yahoo! Finance]Yahoo! Finance
- Fastenal Company (FAST) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Fastenal Company (NASDAQ:FAST) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Fastenal (NASDAQ: FAST) had its price target lowered by analysts at Loop Capital from $71.00 to $66.00. They now have a "hold" rating on the stock.MarketBeat
- Fastenal (NASDAQ: FAST) had its price target raised by analysts at HSBC Holdings plc from $59.00 to $64.00. They now have a "hold" rating on the stock.MarketBeat
FAST
Earnings
- 4/11/24 - Miss
FAST
Sec Filings
- 4/30/24 - Form 8-K
- 4/18/24 - Form 4
- 4/16/24 - Form 10-Q
- FAST's page on the SEC website