Fastenal Co (NASDAQ: FAST) has reported earnings for its first fiscal quarter (ending March 31) of $0.52 versus $0.52 for the same period a year ago — flat performance. This result fell short of the consensus estimate of $0.56 by $-0.04. For the latest four quarters through March 31, E.P.S. were $2.03 versus $1.95 for the same period a year ago — an increase of 4%.
Recent Price Action
On 4/11/24, Fastenal Co (NASDAQ: FAST) stock suffered a large decline of -6.5%, closing at $69.88. Moreover, trading volume in this decline was exceptionally high at 302% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FAST is expected to continue to be a major Value Builder.
Fastenal has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Fastenal has a very low Appreciation Score of 12 but a very high Power Rating of 86, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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