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FAST
Benzinga
131 days

Top Wall Street Forecasters Revamp Fastenal Price Expectations Ahead Of Q1 Earnings

1. FAST will report Q1 earnings on April 11, projecting 52 cents per share. 2. Expected revenue of $1.95 billion shows a slight increase from last year. 3. Previous sales missed consensus; reported 3.7% growth to $1.825 billion. 4. Analysts show mixed ratings, with some upgrading and price target increases. 5. Shares rose 7.4% to close at $76.47, indicating positive market sentiment.

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FAQ

Why Bullish?

The expected earnings hold steady, while anticipated revenue growth suggests stability. Historical cases show steady earnings often lead to stock price resilience, even after missing consensus in previous reports.

How important is it?

The article contains crucial updates on earnings expectations, affecting investor sentiment directly. Analyst upgrades and stock performance amplify its significance.

Why Short Term?

The earnings report will have immediate effects on market perception. Quick reactions historically follow earnings announcements, similar to past quarterly results.

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