Fastenal(FAST)
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Fastenal Stock Climbs as Sales Rise
Investopedia· 2024-07-12 14:30
TradingView Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.com Key Takeaways FAST Fastenal's revenue got a lift even as the distributor of fasteners and other commercial products' CEO said market activity was "challenging." The daily sales rate for non-fastener products increased 4.2% year-over-year. A drop in the daily sales rate for fasteners was less than in the previous quarter. The company said it was encouraged by its efforts to add new customers. Shares of Fas ...
Fastenal (FAST) Q2 Earnings Match Estimates
ZACKS· 2024-07-12 13:01
A quarter ago, it was expected that this maker of industrial and construction fasteners would post earnings of $0.53 per share when it actually produced earnings of $0.52, delivering a surprise of -1.89%. Fastenal, which belongs to the Zacks Building Products - Retail industry, posted revenues of $1.92 billion for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $1.88 billion. The company has topped consensus revenue estimates just once over t ...
Fastenal(FAST) - 2024 Q2 - Quarterly Results
2024-07-12 11:43
Net sales increased $33.1, or 1.8%, in the second quarter of 2024 when compared to the second quarter of 2023. Both periods had the same number of selling days. Changes in foreign exchange rates negatively affected sales in the second quarter of 2024 and 2023 by approximately 20 and 40 basis points, respectively. We experienced higher unit sales in the second quarter of 2024 primarily due to growth with larger customers and Onsite locations opened in the last two years. The impact of product pricing on net ...
Unlocking Q2 Potential of Fastenal (FAST): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2024-07-11 14:21
The combined assessment of analysts suggests that 'Weighted FASTBin/FASTVend installations' will likely reach 118,313. The estimate compares to the year-ago value of 107,115. Over the last 30 days, there has been a downward revision of 3.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Bearing this in mind, let's now explore the average estimates of sp ...
Stanley Cup Fever: 3 Stocks to Buy as Hockey Heats Up
Investor Place· 2024-06-11 10:40
A Canadian team hasn't won the Cup since 1993 when the Montreal Canadiens beat the Los Angeles Kings in five games. The last time a Canadian team played in the Stanley Cup final was the Montreal Canadiens in 2021. These are both disheartening for this Canadian. In the meantime, I've got a job to do: Select three hockey stocks to buy for the long haul. A hockey stock, for the purposes of this article, are companies related to the NHL, either as sponsors or benefiting in some way from pro hockey. PepsiCo (PEP ...
Fastenal: Why I'm Keeping A Close Eye On This New Dividend Aristocrat
Seeking Alpha· 2024-05-30 20:25
PM Images Introduction I have good and bad news. The bad news is that a lot of cyclical companies are currently showing stock price weakness, as it seems that the market is recognizing that cyclical growth is unlikely to rebound soon. While we're far from a steep sell-off, industrial stocks have weakened and are now trading roughly 4% below their 52-week highs. Cyclical transportation stocks (XTN), for example, have sold off 15%. VAL Industrial Select Sector SPDR® ETF (XLI) Price % Off High -3.78% SPDR® S&P ...
Understanding Fastenal (FAST) Reliance on International Revenue
Zacks Investment Research· 2024-04-22 17:16
Did you analyze how Fastenal (FAST) fared in its international operations for the quarter ending March 2024? Given the widespread global presence of this maker of industrial and construction fasteners, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth pa ...
Fastenal Company (FAST) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-04-18 14:00
Fastenal (FAST) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of industrial and construction fasteners have returned -11.8%, compared to the Zacks S&P 500 composite's -1.7% change. During this period, the Zacks Building Products - Retail industry, which Fastenal falls in, has lost 9.2%. The key question now is: What could be the stock' ...
Fastenal (FAST) Loses -7.16% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Zacks Investment Research· 2024-04-12 14:36
Fastenal (FAST) has been on a downward spiral lately with significant selling pressure. After declining 7.2% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ov ...
Why Fastenal Stock Fell Today
The Motley Fool· 2024-04-11 19:44
Headwinds proved too much to overcome in the first quarter.Fastenal (FAST -6.96%) continues to see sluggish demand in the industrial sector, and its latest results are weighing on the stock. Shares of Fastenal were down 7% at 3:30 p.m. ET. after the parts distributor reported first-quarter results.Demand remains a questionFastenal is a distributor of industrial and construction supplies, meaning that a lot of its customers were facing headwinds in 2023. But the company's sales have largely held up better-th ...