Fastenal's Q3 Earnings Outlook: Analysts Expect 30 cents EPS, $2.13 Billion Revenue

Fastenal Company is set to release Q3 earnings on Oct. 13, with analysts expecting a 14% increase in earnings per share to 30 cents and a 11% rise in revenue to $2.13 billion. The company's stock fell 0.7% to close at $47.45 on Tuesday. Top Wall Street forecasters have revised their expectations for Fastenal ahead of the earnings release, with Baird analyst David Manthey upgrading the stock to Outperform and Stephens & Co. analyst Tommy Moll boosting the price target to $45.

Fastenal Company (NASDAQ: FAST) is set to release its Q3 earnings on October 13, with analysts expecting a 14% increase in earnings per share (EPS) to 30 cents and a 11% rise in revenue to $2.13 billion. The company's stock fell 0.7% to close at $47.45 on Tuesday, reflecting market anticipation for the upcoming earnings report.

Top Wall Street forecasters have revised their expectations for Fastenal ahead of the earnings release. Baird analyst David Manthey upgraded the stock to Outperform, while Stephens & Co. analyst Tommy Moll boosted the price target to $45. These revisions come after Fastenal reported strong earnings for the second quarter, with EPS of $0.29, exceeding analysts' expectations of $0.28, and revenue of $2.08 billion, representing an 8.6% increase year-over-year Confluence Wealth Services Inc. Boosts Stock Position in Fastenal Company $FAST^[1].

Institutional investors have shown significant interest in Fastenal, with Shell Asset Management Co. increasing its stake by 133.7% in the second quarter, owning 226,727 shares valued at $9.52 million as of the latest SEC filing Shell Asset Management Co. Has $9.52 Million Stock Holdings in Fastenal Company $FAST^[2]. Other institutional investors, such as Riverview Trust Co., Hilltop National Bank, Armstrong Advisory Group Inc., AdvisorNet Financial Inc., and Clean Yield Group, have also increased their holdings in Fastenal during the quarter.

The company's insider activity has been notable, with EVP John Lewis Soderberg selling over 34,000 shares for about $1.66 million, indicating a 36.32% reduction in his ownership position Shell Asset Management Co. Has $9.52 Million Stock Holdings in Fastenal Company $FAST^[2]. EVP William Joseph Drazkowski also sold 6,842 shares, with the trade valued at $333,000.14 Confluence Wealth Services Inc. Boosts Stock Position in Fastenal Company $FAST^[1].

Investors will be closely watching Fastenal's Q3 earnings report to gauge the company's performance and assess the impact of tariff risks and other market factors on its financial health. The stock's price volatility and analyst revisions suggest that there is considerable interest in Fastenal's ability to maintain its growth trajectory.