Fastenal and Clarcor on Trading Radars Before Earnings Releases
Fastenal Company (NASDAQ:FAST) will unveil its latest earnings on Wednesday, January 18, 2012. The average estimate of analysts is for profit of 29 cents per share, a rise of 7.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 28 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 29 cents during the last month. For the year, analysts are projecting net income of $1.21 per share, a rise of 34.4% from last year.
Last quarter, the company saw profit of 33 cents per share versus a mean estimate of net income of 33 cents per share. This comes after two consecutive quarters of exceeding expectations. On average, analysts predict $695.6 million in revenue this quarter, a rise of 21.2% from the year ago quarter. Analysts are forecasting total revenue of $2.76 billion for the year, a rise of 21.6% from last year’s revenue of $2.27 billion.
Competitors to Watch: Interline Brands, Inc. (NYSE:IBI), General Electric (NYSE:GE), Lawson Products, Inc. (NASDAQ:LAWS), W.W. Grainger, Inc. (NYSE:GWW), Caterpillar Inc. (NYSE:CAT), 3M Company (NYSE:MMM), and Honeywell International Inc. (NYSE:HON).
CLARCOR, Inc. (NYSE:CLC) will unveil its latest earnings on Wednesday, January 18, 2012. The average estimate of analysts is for net income of 68 cents per share, a rise of 19.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 26.1% versus last year to $2.37.
The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 63 cents per share versus a mean estimate of net income of 66 cents per share. In the second quarter, the company beat estimates by 8 cents. Analysts are projecting a rise of 10.8% in revenue from the year-earlier quarter to $305.5 million.
Competitors to Watch: Pall Corporation (NYSE:PLL), ESCO Technologies Inc. (NYSE:ESE), PMFG Inc (NASDAQ:PMFG), Ball Corporation (NYSE:BLL), Flanders Corporation (FLDR), Illinois Tool Works Inc. (NYSE:ITW), Silgan Holdings Inc. (NASDAQ:SLGN), Federal-Mogul Corporation (NASDAQ:FDML), Crown Holdings, Inc. (NYSE:CCK), and Bway Holding Company (BWY).