FAST Stock Recent News

Examine the evolution of Fastenal's (FAST) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

Recently, Zacks.com users have been paying close attention to Fastenal (FAST). This makes it worthwhile to examine what the stock has in store.

Fastenal (FAST) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Fastenal posted a slight miss in the first quarter, and said demand weakness continues to be an issue. The company is weathering a tough period relatively well, but needs customer demand to increase before it can really accelerate from here.

Dividend Aristocrat Fastenal NASDAQ: FAST fell about 5% after its Q1 release and may fall further. Not because the business is flagging but because the valuation has run up to unsustainable levels.

Shares of Fastenal (FAST) slipped Thursday as the distributor of fasteners and tools attributed lower-than-expected quarterly results to weakness in the manufacturing sector.

Fastenal Company (NASDAQ:FAST ) Q1 2024 Earnings Conference Call April 11, 2024 10:00 AM ET Company Participants Taylor Ranta - Financial Reporting & Regulatory Compliance Manager Dan Florness - President & Chief Executive Officer Holden Lewis - Chief Financial Officer Conference Call Participants Tommy Moll - Stephens Chris Snyder - UBS Stephen Volkmann - Jefferies Jacob Levinson - Melius Research Patrick Baumann - JPMorgan Ryan Merkel - William Blair Operator Hello, and welcome to the Fastenal 2024 Q1 Earnings Results Conference Call. [Operator Instructions] A question-and-answer session will follow the formal presentation.

Fastenal's (FAST) first-quarter performance reflects the influence of adverse weather conditions and the effects of customer and product mix.

Although the revenue and EPS for Fastenal (FAST) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Fastenal Co (NASDAQ:FAST) fell over 5% in early trading after disappointing with first-quarter results on Thursday morning. Revenue climbed 1.9% to just shy of US$1.90 billion over the quarter, the construction supplier reported, though this was below Wall Street expectations for US$1.92 billion.