Fastenal Company reports results for the quarter ended September 30 — Earnings Summary

Fastenal Company reported quarterly adjusted earnings of 35 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 34 cents per share. Wall Street expected results to range from 32 cents to 35 cents per share. Revenue rose 15.5% to $2.46 billion from a year ago; analysts expected $2.44 billion. Fastenal Company's reported EPS for the quarter was 35 cents​. The company reported quarterly net income of $401.6 million. Fastenal Company shares had risen by 3.8% this quarter and gained 28.2% so far this year. Forecast Changes The mean earnings estimate of analysts had risen by about 1.8% in the last three months.​ In the last 30 days, there have been no negative revisions of earnings estimates Recommendations The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 10 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is "buy." Wall Street's median 12-month price target for Fastenal Compa