Fastenal Q3 Earnings Preview: Analysts Estimate $0.30 EPS, Guidance Key to Stock Performance

Fastenal is set to release its Q3 2024 earnings report on Monday, October 13. Analysts expect an EPS of $0.30. The company's past performance has shown a mixed bag, with some quarters beating estimates and others missing. Shares have risen 23.78% over the last 52 weeks. Analysts' consensus rating is Neutral, with an average 1-year price target of $47.17, suggesting a potential 0.98% upside.

Fastenal (FAST) is set to release its Q3 2024 earnings report on Monday, October 13. Analysts expect an earnings per share (EPS) of $0.30, indicating a year-over-year increase of 15.4% Insights Into Fastenal (FAST) Q3: Wall Street Projections for Key Metrics^[1]. The company's past performance has shown a mixed bag, with some quarters beating estimates and others missing. Shares have risen 23.78% over the last 52 weeks. Analysts' consensus rating is Neutral, with an average 1-year price target of $47.17, suggesting a potential 0.98% upside.

The revenue is anticipated to amount to $2.13 billion, showing an increase of 11.4% compared to the year-ago quarter. Analysts' average projections place 'Geographic Revenue- Canada and Mexico' at $288.95 million, 'Geographic Revenue- North America' at $2.05 billion, and 'Geographic Revenue- United States' at $1.76 billion. These estimates suggest robust growth across key regions Insights Into Fastenal (FAST) Q3: Wall Street Projections for Key Metrics^[1].

Fastenal's shares have witnessed a change of -0.9% in the past month, in contrast to the Zacks S&P 500 composite's +3.7% move. Despite this, the company's Zacks Rank #2 (Buy) suggests that FAST is expected to outperform the overall market performance in the near term Insights Into Fastenal (FAST) Q3: Wall Street Projections for Key Metrics^[1].

The company’s revenue saw steady annual growth, along with an improvement in net income year over year. However, investors are now facing a key question: does Fastenal present a compelling entry point, or is the market already factoring in future growth potential? The current share price stands notably above the consensus fair value, suggesting that the market is demanding a premium for future growth Fastenal (FAST): Assessing Valuation as Shares Hold Steady and Digital Growth Plans Unfold^[2].

The core of the narrative driving Fastenal's valuation is a bold bet on digital transformation and preemptive supply chain strategies. Fastenal aims to increase its digital footprint to represent 66-68% of sales, potentially boosting revenue by optimizing purchasing and operational efficiency Fastenal (FAST): Assessing Valuation as Shares Hold Steady and Digital Growth Plans Unfold^[2].

While the company's expansion of Fastenal Managed Inventory (FMI) technology represents over 43% of revenue, ongoing trade tensions and rising supply chain costs could threaten margins and challenge Fastenal’s optimistic growth projections in the years ahead Fastenal (FAST): Assessing Valuation as Shares Hold Steady and Digital Growth Plans Unfold^[2].