Manufacturing Earnings Are Coming. There’s Reason for Hope. - Barron's
1. Fastenal reports earnings amidst a challenging manufacturing sector. 2. PMI has been below 50 for 25 of the last 26 months. 3. New orders index shows growth potential, above 50 for two months. 4. Fastenal's EPS of 48 cents expected; previously reported 52 and 46 cents. 5. Fastenal trades at 34x estimated 2025 earnings, higher than S&P 500's 22x.