Fastenal Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Author: Avi Kapoor | July 10, 2024 10:28am

Fastenal Company (NASDAQ:FAST) is scheduled to release its financial results for the second quarter, before the opening bell on Friday, July 12.

Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 51 cents per share, down from 52 cents per share in the year-ago period. Fastenal is expected to post revenue of $1.92 billion, compared to $1.89 billion a year earlier, according to data from Benzinga Pro.

On April 11, Fastenal posted worse-than-expected first-quarter financial results.

Fastenal shares gained 1.8% to close at $63.68 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Baird analyst David Manthey maintained a Neutral rating and cut the price target from $71 to $69 on May 7. This analyst has an accuracy rate of 82%.
• Loop Capital analyst Chris Dankert maintained a Hold rating and slashed the price target from $71 to $66 on April 15. This analyst has an accuracy rate of 72%.
• HSBC analyst Wesley Brooks maintained a Hold rating and raised the price target from $59 to $64 on April 15. This analyst has an accuracy rate of 69%.
• Stifel analyst Michael Hoffman maintained a Buy rating and raised the price target from $75 to $85 on March 18. This analyst has an accuracy rate of 81%.

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Posted In: FAST