Fastenal Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

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Fastenal Company FAST will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 17, 2025.

Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 48 cents per share, up from 46 cents per share in the year-ago period. Fastenal projects quarterly revenue of $1.84 billion, compared to $1.76 billion a year earlier, according to data from Benzinga Pro.

On Oct. 11, Fastenal reported better-than-expected third-quarter financial results.

Fastenal shares gained 0.7% to close at $74.27 on Wednesday         .

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

  • Jefferies analyst Stephen Volkmann maintained a Hold rating and raised the price target from $74 to $85 on Dec. 6, 2024. This analyst has an accuracy rate of 71%.
  • UBS analyst Amit Mehrotra assumed a Neutral rating and raised the price target from $71 to $88 on Nov. 13, 2024. This analyst has an accuracy rate of 75%.
  • Morgan Stanley analyst Chris Snyder maintained an Equal-Weight rating and raised the price target from $72 to $76 on Oct. 14, 2024. This analyst has an accuracy rate of 71%.
  • Stephens & Co. analyst Tommy Moll maintained an Equal-Weight rating and increased the price target from $56 to $75 on Oct. 14, 2024. This analyst has an accuracy rate of 79%.
  • Baird analyst David Manthey maintained a Neutral rating and raised the price target from $67 to $80 on Oct. 14, 2024. This analyst has an accuracy rate of 77%.

Considering buying FAST stock? Here’s what analysts think:

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