Fastenal Company Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Fastenal Company (NASDAQ:FAST) will unveil its latest earnings on Tuesday, July 12, 2011. Fastenal Co. is a wholesale retailer of industrial and construction supplies in North America.

Fastenal Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 30 cents per share, a rise of 30.4% 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 29 cents. For the year, analysts are projecting profit of $1.17 per share, a rise of 30% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the first quarter, it reported net income of 27 cents per share versus a mean estimate of 26 cents. Two quarters ago, it reported profit of 22 cents per share.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $688.6 million in revenue this quarter, a rise of 20.6% from the year ago quarter. Analysts are forecasting total revenue of $2.7 billion for the year, a rise of 18.9% from last year’s revenue of $2.27 billion.

Analyst Ratings: Analysts are bullish on Fastenal Company as five analysts rate it as a buy, none rate it as a sell and five rate it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 21.8%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 23.4% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 42% while it rose 46.3% in the fourth quarter of the last fiscal year and 57.6% in the third quarter of the last fiscal year.

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).

Stock Price Performance: During June 6, 2011 to July 5, 2011, the stock price has risen $5.21 (16.6%) from $31.38 on June 6, 2011 to $36.59 on July 5, 2011. The stock price saw one of its best stretches over the last year between March 28, 2011, and April 6, 2011, when shares rose for eight-straight days, rising 8.6% (+$2.72) over that span. It saw one of its worst periods between April 27, 2011, and May 5, 2011, when shares fell for seven-straight days, falling 2% (-67 cents) over that span. Shares are up $6.99 (+23.6%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!