Earnings Preview : Q3 2024 Is Shaping Up To Be An Important Quarter For Fastenal ($FAST)

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The exciting news about Fastenal (NASDAQ: FAST) will be shared on Friday 11th October 2024. Investors and analysts are eagerly waiting to hear about the company's financial performance for the third quarter of 2024. This significant announcement will happen before market open.

Financial analysts on Wall Street are predicting that the enterprise is about to reveal an estimated $0.51 profit per share for the quarter. Additionally, the company is projected to announce a total revenue of $1.91 billion for this period.

Projections for the company's annual performance have been shared by Wall Street analysts, with an estimated total revenue of $7.58 billion. Furthermore, they are predicting profit of $2.04 per share for the full year.

The company's earnings report from the corresponding quarter of the previous year demonstrated a per-share income of $0.52. Additionally, the company achieved a total revenue of $1.85 billion during that specific period.

Period EPS
Actual
EPS
Growth*
Revenue
Actual
Revenue
Growth*
Historical Earnings Insight
Q2 2024 $0.51 -1.9% 1.92 B +1.8%
Q1 2024 $0.52 0% 1.90 B +1.9%
Q4 2023 $0.46 +7.0% 1.76 B +3.7%
Q3 2023 $0.52 +4.0% 1.85 B +2.4%
Q2 2023 $0.52 +4.0% 1.88 B +5.8%
*Growth on year-over-year basis

The business has scheduled a conference call on 11th October 2024 at 10:00 AM eastern time to discuss Q3 financial results.

During Friday's trading, Fastenal (FAST) shares reached a low of $69.41 and a high of $71.37, along with a total volume of 1.95 million shares. The stock ended the regular trading session at $70.18, demonstrating downfall of 0.75 percent.