Fastenal Beats Analyst Estimates on EPS
Fastenal (NAS: FAST) reported earnings on Jan. 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Fastenal met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly, and earnings per share increased significantly.
Gross margins dropped, operating margins improved, and net margins grew.
Fastenal chalked up revenue of $698 million. The eight analysts polled by S&P Capital IQ predicted a top line of $696 million. Sales were 22% higher than the prior-year quarter's $574 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.30. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.30 per share. GAAP EPS of $0.30 for Q4 were 36% higher than the prior-year quarter's $0.22 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 51.2%, 80 basis points worse than the prior-year quarter. Operating margin was 20.2%, 160 basis points better than the prior-year quarter. Net margin was 12.5%, 110 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $754 million. On the bottom line, the average EPS estimate is $0.33.
Next year's average estimate for revenue is $3.2 billion. The average EPS estimate is $1.43.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 785 members out of 844 rating the stock outperform, and 59 members rating it underperform. Among 282 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 270 give Fastenal a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fastenal is hold, with an average price target of $39.57.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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