Fastenal Co <FAST.O>: Profits of 52  cents announced for first quarter

April 13, 2023 10:01 PM AEST | By Reuters
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13 April 2023 12:01 p.m. ​All figures in US dollars. The profits announced by Fastenal Co in the first quarter were higher than the Refinitiv mean estimate of profits. The company reported profits of 52 cents per share, 5 cents higher than the same quarter last year when the company reported EPS of 47 cents. Profits of 50 cents per share were anticipated by the thirteen analysts providing estimates for the quarter. Wall Street expected results to range from 48 cents to 52 cents per share, with a forecasted mean of 50 cents per share. The company reported revenue of $1.86 billion, which is higher than the estimated $1.86 billion. RECOMMENDATIONS * The consensus recommendation for the company is "Hold". * The average consensus recommendation for the industrial machinery & equipment peer group is also "Hold". FORECAST CHANGES * Thirteen analysts are currently providing Refinitiv with estimates. * In the last week one analyst has revised an earnings estimate upward and there have been no negative earnings revisions. There was a gain of one new estimate. YEAR OVER YEAR * The company reported an increase in revenue to $1.86 billion from $1.7 billion in the same quarter last year.​ * Previous quarterly performance (using earnings preferred measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Dec. 31 2022 0.42​ 0.43 Beat Sep. 30 2022 0.48 0.50 Beat Jun. 30 2022 0.50 0.50 Met​ Mar. 31 2022 0.45 0.47 Beat This summary was machine generated from Refinitiv data April 13 at 12:01 p.m.


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