Fastenal Co (NASDAQ: FAST) has reported earnings for its third fiscal quarter (ending September 30) of $0.52 versus $0.52 for the same period a year ago — flat performance. This result exceeded the consensus estimate of $0.51 by $0.00. For the latest four quarters through September 30, E.P.S. were $2.02 versus $1.99 for the same period a year ago — an increase of 2%.
Recent Price Action
On 10/11/24, Fastenal Co (NASDAQ: FAST) stock enjoyed a very large increase of 9.8%, closing at $76.82. Moreover, this advance was accompanied by exceptionally high trading volume at 362% of normal. The stock has performed in line with the market over the last nine months and has risen 8.6% during the last week.
Current PriceTarget Research Rating
FAST’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Fastenal has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Fastenal has a neutral Power Rating of 46 but a very low Appreciation Score of 13, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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