Fastenal is set to report Q4 earnings, with analysts predicting growth in key metrics and revenues.
Winona: Wall Street is buzzing about Fastenal’s upcoming Q4 earnings report. Analysts are expecting the company to post earnings of $0.48 per share, which is a nice bump of 4.4% from last year. They also predict revenues will hit around $1.85 billion, marking a 5% increase.
Interestingly, the earnings per share estimate hasn’t changed much in the last month. This shows that analysts are pretty confident in their predictions. It’s always good to keep an eye on these estimates, as they can give us clues about how investors might react once the earnings are out.
Now, let’s break down some of the key metrics that analysts are watching closely. For instance, they expect the average number of business days to be around 63, which is slightly up from 62 days last year.
When it comes to daily sales, the average prediction is $29.37, compared to $28.40 from the same time last year. Analysts are also looking at the number of in-market locations, which they expect to be 3,620, up from 3,419 last year.
Another interesting metric is the expected signings for FASTBin/FASTVend, which analysts think will reach 6,407, up from 5,462 last year. They also predict the number of branch locations will be around 1,598, just a slight increase from 1,597 last year.
For active onsite locations, the estimate is 2,023, compared to 1,822 last year. Lastly, they expect installations of FASTBin/FASTVend to hit 125,874, up from 113,138 last year.
In the past month, Fastenal’s shares have dipped by 6.7%, while the broader market, represented by the Zacks S&P 500, has only seen a 3.5% decline. With a Zacks Rank of #4 (Sell), it looks like Fastenal might struggle a bit in the near term.
