Fastenal Co. (FAST) : Q116 Earnings Whisper

Fastenal Company (FAST) is set to announce its Q116 earnings before the markets open on Tuesday, April 12. Analysts expect the wholesale distributor of industrial and construction supplies to report earnings per share of $0.45 and revenue of $988.6 million. That would be $0.06 higher the $0.39 per share posted last quarter and $0.02 higher the $0.43 posted in the Q115. Revenue is projected to be $35.3 million higher than the $953.3 million posted in the same period a year earlier. Meanwhile, reports a whisper number of $0.44 per share.

As a quick reminder, FAST reported Q415 EPS of $0.39, $0.01 lower than the Street’s consensus estimate of $0.40. Revs declined 0.38% year-over-year to $922.8 million vs the $922.56 million consensus.

On valuation metrics, Fastenal Co. shares are priced at 26.52x this year’s forecasted earnings, compared to the industry’s 13.98x earnings multiple. The company’s current year and next year EPS growth estimates stand at 4.50% and 8.10% compared to the industry growth rates of 19.20% and 7.00%, respectively. FAST has a t-12 price-to-sales ratio of 3.51. EPS for the same period registers at $1.77.

Fastenal shares have declined 0.11% in the last 4 weeks while advancing 21.94% in the past three months. Over the past 5 trading sessions the stock has lost 0.91%. The $13.54 billion market cap Winona, Minnesota-based company has a median Wall Street price target of $47.00 with a high target of $51.00. Fastenal Co. is up 20.75% year-over-year, compared with a 2.57% loss in the S&P 500.

Update: Fastenal Company reported first-quarter EPS of $0.44 before the opening bell Tuesday, in-line with consensus of $0.44. Revenues increased 3.5% from last year to $986.7 million. Analysts expected revenues of $988.57 million.

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