Fastenal Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Fastenal Company FAST will release earnings results for its third quarter, before the opening bell on Friday, Oct. 11.

Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 52 cents per share, compared to 52 cents per share in the year-ago period. Fastenal projects to report revenue of $1.91 billion for the quarter, compared to $1.85 billion a year earlier, according to data from Benzinga Pro.

On Sept. 6, Fastenal reported August sales of $652.65 million, down 2.3% year-over-year.

Fastenal shares gained 0.6% to close at $70.61 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.

• Morgan Stanley analyst Chris Snyder initiated coverage on the stock with an Equal-Weight rating and a price target of $72 on Sept. 6. This analyst has an accuracy rate of 72%.
• Stephens & Co. analyst Tommy Moll reiterated an Equal-Weight rating with a price target of $56 on July 15. This analyst has an accuracy rate of 79%.
• Jefferies analyst Stephen Volkmann maintained a Hold rating and decreased the price target from $74 to $65 on July 11. This analyst has an accuracy rate of 73%.
• Baird analyst John David Manthey maintained a Neutral rating and cut the price target from $71 to $69 on May 7. This analyst has an accuracy rate of 83%.
• Loop Capital analyst Chris Dankert maintained a Hold rating and slashed the price target from $71 to $66 on April 15. This analyst has an accuracy rate of 72%.

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

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