Overall, we feel that Fastenal certainly does have some positive factors to consider. Its earnings growth is decent, and the high ROE does contribute to that growth. However, investors could have benefitted even more from the high ROE, had the company been reinvesting more of its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company. Regarding end markets, growth in large, contracted clients came in at 8.5% and offset a decline in smaller ones, while three of four end markets grew. The only end market to contract is non-residential construction. Fastenal stock price forecast is strengthened by global supply chain normalization, reducing cost pressures and enhancing profitability outlook for the remainder of
