Fastenal stock price forecast

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Fastenal. Fastenal ( NASDAQ:FAST - Get Free Report ) last released its quarterly earnings data on Friday, April 11th. The company reported $0.26 EPS for the quarter, hitting analysts' consensus estimates of $0.26. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. Fastenal had a return on equity of 31.99% and a net margin of 15.13%. The company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. As a group, equities research analysts anticipate that Fastenal will post 2.15 earnings per share for the current year. Fastenal stock price forecast strongly factors in its diverse client base, from automotive to aerospace, mitigating cyclical downturn risks and supporting long-term valuation stability above $