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Kritika Sarmah

MYSTERIOUS: What to expect from fastenal s next quarterly earnings report - What They Never Told You

Fastenal FAST

Winona, Minnesota-based Fastenal Company (FAST) is a national wholesale distributor of industrial and construction supplies, primarily operating through company-owned stores in North America. The company's current market cap stands at $36 billion, and it is set to announce its Q2 earnings for fiscal 2024 on Friday, July 12.

Ahead of the event, analysts expect Fastenal to report a profit of $0.51 per share, down 1.9% from $0.52 per share in the year-ago quarter. The company has exceeded or beat Wall Street’s EPS estimates in three of the last four quarters while missing on one other occasion.

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