Fastenal Beats Analyst Estimates on EPS

Seth Jayson, The Motley Fool
Updated

Fastenal (NAS: FAST) reported earnings on July 12. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 30 (Q2), Fastenal met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue improved and GAAP earnings per share increased significantly.


Gross margins dropped, operating margins increased, net margins improved.

Revenue details
 Fastenal booked revenue of $804.9 million. The 11 analysts polled by S&P Capital IQ wanted to see a top line of $809.3 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $701.7 million.

anImage
anImage

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.38. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.37 per share. GAAP EPS of $0.38 for Q2 were 19% higher than the prior-year quarter's $0.32 per share.

anImage
anImage

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 51.6%, 60 basis points worse than the prior-year quarter. Operating margin was 22.2%, 80 basis points better than the prior-year quarter. Net margin was 14.0%, 60 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $816.0 million. On the bottom line, the average EPS estimate is $0.38.

Next year's average estimate for revenue is $3.18 billion. The average EPS estimate is $1.45.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fastenal is hold, with an average price target of $45.00.

The article Fastenal Beats Analyst Estimates on EPS originally appeared on Fool.com.

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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement