Fastenal Co. Earnings: Here’s Why Shares are Down Now

Fastenal Co. (NASDAQ:FAST) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.15%.

Fastenal Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 7.89% to $0.41 in the quarter versus EPS of $0.38 in the year-earlier quarter.

Revenue: Rose 5.31% to $847.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Fastenal Co. reported adjusted EPS income of $0.41 per share. By that measure, the company missed the mean analyst estimate of $0.41. It missed the average revenue estimate of $857.13 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue increased 5.12% from $806.33 million in the previous quarter. EPS increased 10.81% from $0.37 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.43 to a profit $0.42. For the current year, the average estimate has moved down from a profit of $1.62 to a profit of $1.59 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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