Fastenal: Here’s What Investors Need to Know Before Earnings

Fastenal (NASDAQ:FAST) will report earnings before markets open on Wednesday, July 10th. Fastenal Company sell industrial and construction supplies in a wholesale and retail fashion. The Company markets its products and services throughout the United States, Canada, Mexico, Puerto Rico, Singapore, China, and The Netherlands.

Here is your Cheat Sheet to Fastenal Earnings:

Earnings Expectations: Analysts expect earnings of $0.41 per share on revenues of $857.13 million. Currently, the company’s P/E ratio stands at 31.26.

Analyst Trends:

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 $0.44 to a profit $0.42. For the current year, the average estimate is a profit of $1.59, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Fastenal has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,340 1,930 2,269 2,767 3,134
Diluted EPS ($) 0.94 0.62 0.90 1.21 1.42

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 768.88 804.89 802.58 757.23 806.33
Diluted EPS ($) 0.34 0.38 0.37 0.33 0.37

Past Performance:
Fastenal has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!

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

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