Fastenal Expected to Earn 37 Cents a Share
Fastenal Co. (FAST) is expected to report adjusted net income of $213.4 million, or 37 cents a share, on sales of $1.4 billion before the market opens on Thursday, based on a FactSet survey of 15 analysts.
In the same period a year ago, the company posted earnings of 37 cents a share on sales of $1.3 billion. It reported net income of $174.3 million.
The stock has fallen 5.8% since the company last reported earnings on Apr. 11.
Quarterly estimates have fallen less than 1 cent a share in the past month.
Fastenal is currently trading at a price-to-forward-earnings ratio of 21.8 based on the 12-month estimates of 18 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting adjusted net income of $214.1 million, or 37 cents a share, on sales of $1.4 billion.