Fastenal Company ($FAST) Stock Forecast: Up 2.5% Today

What is Fastenal Company?

Fastenal (NASDAQ: FAST) is a company in the industrial and construction supplies industry. Today, the stock showed a strong bullish movement.

Why is Fastenal Company going up?

FAST stock is up 2.5% on Jan 17, 2025 15:36

• Despite falling short of earnings and revenue estimates in Q4, Fastenal's stock had a significant bullish movement.
• The company experienced a 3.7% year-over-year sales growth but did not meet consensus estimates.
• Investors seem positive about Fastenal's future, particularly due to its emphasis on digital strategy and onsite/offsite mix.
• The market's response may be linked to the company's resilient growth outlook and the potential for improvement in manufacturing challenges.

FAST Price Chart

FAST Technical Analysis

FAST News

Fastenal Q4: Earnings Miss, 3.7% Sales Growth, Manufacturing Woes And More - Fastenal ( NASDAQ:FAST )

Fastenal's Q4 sales grew 3.7% Y/Y to $1.825B, missing consensus estimates of $1.844B; EPS was $0.46. 2025 targets include 28,000-30,000 FASTBin/FASTVend device signings and a Digital Footprint of 66%-68% of sales. Get Real-Time News and Alerts for Your Portfolio

https://www.benzinga.com/25/01/43056056/fastenal-q4-sales-growth-slows-to-37-as-manufacturing-woes-persist

Fastenal ( FAST ) Lags Q4 Earnings and Revenue Estimates

Fastenal (FAST) delivered earnings and revenue surprises of -4.17% and 1.08%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2398800/fastenal-fast-lags-q4-earnings-and-revenue-estimates

SLB, J.B. Hunt Transport And 3 Stocks To Watch Heading Into Friday - JB Hunt Transport Servs ( NASDAQ:JBHT ) , Fastenal ( NASDAQ:FAST )

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Fastenal Company FAST to report quarterly earnings at 48 cents per share on revenue of $1.84 billion before the opening bell, according to data ...

https://www.benzinga.com/25/01/43049593/slb-jb-hunt-transport-and-3-stocks-to-watch-heading-into-friday

Fastenal Gears Up to Report Q4 Earnings: Things to Keep in Mind

FAST's Q4 results are likely to reflect manufacturing growth, albeit at a slow pace, with a strong digital strategy and a balanced onsite/offsite mix. Yet, soft industrial markets are concerning.

https://www.zacks.com/stock/news/2398262/fastenal-gears-up-to-report-q4-earnings-things-to-keep-in-mind

Fastenal Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts - Fastenal ( NASDAQ:FAST )

Fastenal Company FAST will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025. Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 48 cents per share, up from 46 cents per share in the year-ago period.

https://www.benzinga.com/25/01/43021756/fastenal-gears-up-for-q4-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts

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Fastenal Company Price History

17.00.2025 - FAST Stock was up 2.5%

• Despite falling short of earnings and revenue estimates in Q4, Fastenal's stock had a significant bullish movement.
• The company experienced a 3.7% year-over-year sales growth but did not meet consensus estimates.
• Investors seem positive about Fastenal's future, particularly due to its emphasis on digital strategy and onsite/offsite mix.
• The market's response may be linked to the company's resilient growth outlook and the potential for improvement in manufacturing challenges.

11.09.2024 - FAST Stock was up 5.2%

• Fastenal's stock experienced a robust surge following the initiation of coverage by an analyst with a Buy rating and a price target of $85.
• Analysts anticipate the company to announce quarterly earnings of 52 cents per share, likely contributing to the optimistic market sentiment and upward trend in the stock price.
• The upcoming third-quarter earnings release before the opening bell today sparked investor interest and propelled the bullish momentum in Fastenal's stock.
• In summary, favorable analyst coverage and market expectations surrounding the earnings report appear to have bolstered the positive movement in Fastenal's stock today.

11.09.2024 - FAST Stock was up 8.6%

• The bullish movement in Fastenal's stock today is due to the following reasons:
• Better-than-expected third-quarter financial results released by Fastenal resulted in a surge in its stock price.
• Positive forecast changes for Fastenal's earnings by analysts likely contributed to investor optimism.
• BofA Securities analyst Sabrina Abrams provided a Buy rating and a price target of $85, boosting investor confidence in Fastenal's stock.
• The positive market sentiment towards Fastenal stood out amidst slightly lower U.S. stock futures, highlighting the company's strong performance compared to other market movements.

19.00.2024 - FAST Stock was up 7.1%

• Fastenal stock hit a new 52-week high after reporting stronger than expected earnings, leading to a surge in its stock price.
• The positive earnings report and upbeat Q4 results contributed to the bullish movement of Fastenal stock.
• The market's positive reaction to Fastenal's earnings suggests investor confidence in the company's performance and outlook.
• The overall bullish market movement could also be influenced by the positive economic outlook and Wall Street rally mentioned in the articles.

12.09.2023 - FAST Stock was up 7.0%

• Fastenal beat earnings estimates by 2 cents a share, with third-quarter sales rising and matching analyst estimates.
• The impact of product pricing on sales was "modestly positive" in the quarter, indicating stability in pricing.
• The increase in profit and beating of estimates can be attributed to higher demand for heavy manufacturing equipment.
• Overall, Fastenal's strong performance in the market can be attributed to their ability to exceed earnings expectations and capitalize on steady demand for their products, particularly in the heavy manufacturing equipment sector.

11.03.2024 - FAST Stock was down 5.1%

• Modest growth in Q1 revenue and profit was reported by Fastenal, but the earnings missed estimates, leading to a slide in the stock price.
• Despite an improving manufacturing outlook, subdued demand impacted Fastenal's Q1 performance.
• The company's first-quarter sales growth of 1.9% year-over-year fell short of expectations, contributing to the bearish movement in the stock.
• The earnings and revenue figures for Fastenal in Q1 did not meet estimates, causing investors to react negatively to the results.

11.03.2024 - FAST Stock was down 5.8%

• Reported Q1 earnings of $0.52 per share, falling short of the Zacks Consensus Estimate of $0.53 per share, resulting in a negative earnings surprise.
• Revenues of $1.9 billion for the quarter also missed the Zacks Consensus Estimate by 0.98%, indicating a revenue shortfall.
• The disappointing financial results likely influenced the bearish market movement, with investors reacting to the earnings and revenue miss.
• The stock's immediate price action may be impacted by management's discussions on the earnings call, as market participants evaluate the company's future prospects and growth potential.

11.03.2024 - FAST Stock was down 6.8%

• Fastenal's stock experienced a bearish movement today due to:
• Missing consensus sales figures for the first quarter of FY24, indicating potential challenges in revenue generation.
• Earnings and revenues falling below estimates, leading to investor disappointment.
• Profit for the quarter failing to meet Street estimates, signaling potential concerns about the company's financial performance.
• Options volatility and implied earnings moves suggesting uncertainty surrounding the stock's future performance.

11.03.2024 - FAST Stock was down 5.8%

• Disappointing first-quarter financial results were reported by Fastenal, with earnings per share missing estimates.
• The stock's price decline can be attributed to the earnings miss, indicating investor concerns about the company's performance.
• Despite revenue growth, the failure to meet EPS expectations likely led to a negative sentiment among investors, resulting in the bearish movement.
• The market reaction reflects the importance of meeting both revenue and earnings expectations to maintain investor confidence and drive stock performance.

11.03.2024 - FAST Stock was down 6.2%

• Q1 2024 earnings for Fastenal fell short of both EPS and revenue expectations, indicating a financial performance below projections.
• The company cited weakened demand, particularly from the sluggish manufacturing sector, reflecting challenges in their primary market.
• While revenue and profit experienced slight growth, concerns regarding demand and missed estimates dampened investor confidence, leading to a decrease in the stock price.
• The stock's downward movement can be partly attributed to mixed U.S. equities performance and apprehensions about inflation, contributing to the overall negative sentiment surrounding Fastenal.

12.06.2024 - FAST Stock was up 2.0%

• Sales for the second quarter of 2024 rose despite a decline in profit.
• The appointment of Jeff Watts as the new President and Chief Sales Officer has boosted investor confidence.
• The company's revenue growth remained strong despite market challenges highlighted by the CEO.
• The ongoing leadership of CEO Dan Florness has fostered stability and trust in the company, driving the stock's upward momentum.

12.06.2024 - FAST Stock was up 1.9%

• FAST stock saw a bullish movement amid the earnings season.
• Implied earnings moves and options volatility for FAST were likely positive.
• The start of the Q2 earnings season could have positively affected investor sentiment towards FAST.
• Consumer-focused companies, like Fastenal, are under close observation during this earnings period.