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Benzinga
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Fastenal Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

1. FAST to report Q2 earnings on July 14, estimating 28 cents per share. 2. Projected revenue of $2.07 billion, up from $1.92 billion last year. 3. FAST announced a two-for-one stock split on April 23. 4. Morgan Stanley and Stephens & Co. expect moderate growth potential. 5. Shares fell 0.4% recently, closing at $42.68.

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FAQ

Why Bullish?

Q2 earnings forecast reflects positive growth, indicating solid demand. Historical trends show positive earnings can boost stock generally.

How important is it?

Analysts' positive outlooks and expected earnings increase could substantially affect investor sentiment. The projected revenue growth could indicate overall market stability for FAST.

Why Short Term?

Earnings reports typically affect stocks immediately; revenue growth expected to influence price shortly. Immediate investor sentiment can shift based on results.

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