Earnings Preview: Fastenal

Fastenal Company (FAST) is expected to report Q2 earnings before market open on Friday, July 11, with a conference call scheduled for 9:00 am ET.

Guidance

Analysts are looking for EPS of 50c on revenue of $602.22M. The consensus range is 49c to 52c for EPS, and $601M to $604.81M for revenue, according to First Call.

Analyst Views

Piper Jaffray downgraded the company shares to Neutral from Buy, in April, based on valuation following the company's Q1 earnings report. The firm maintained its Neutral rating of the company's stock on July 2, and stated it expects the company to report in-line Q2 results and for the quarter to be viewed favorably by investors.

BB&T Capital upgraded Fastenal on July 7 to Buy from Hold, based on valuation and improved execution. :theflyonthewall.co