JUMP REPORT
Avg Daily Volume: 4,502,556 Market Cap: 18.22B
Sector: Services Short Interest: 7.72
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .36/share REV: 1,370/M
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LAST QTR: EPS: .37/share ACTUAL: .36/share (MISS)
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NEXT QTR: EPS: .32/share REV: 1,310/M
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FULL YR: EPS: 1.37/share REV: 5,360/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 34% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -5.79, 6.16, 6.41
POTENTIAL JUMP MOVE: 8%
Links To Latest News and Headlines
Fastenal, the producer of industrial fasteners, tools and supplies, reported quarterly profit per share rose 9.6% on 6.4% higher sales. The shares are lower.
Fastenal (FAST) reports better-than-expected Q4 earnings owing to increased demand for PPE products.
The company’s sales usually speed up and slow down in lockstep with overall industrial activity. The latest signal is so far, so good.
In the current market session, Fastenal Inc. (NASDAQ:FAST) is trading at $49.22, after a 2.38% decrease. However, over the past month, the stock increased by 0.26%, and in the past year, by 36.49%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 5.15%.View more earnings on FASTThe P/E ratio is used by long-term shareholders to assess the company’s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Depending on the particular phase of a business cycle, some industries will perform better than others.Compared to the aggregate P/E ratio of the 50.07 in the Trading Companies & Distributors industry, Fastenal Inc. has a lower P/E ratio of 34.53. Shareholders might be inclined to think that the stock might perform worse than its industry peers. It’s also possible that the stock is undervalued.Price to earnings ratio is not always a great indicator of the company’s performance. Depending on the earnings makeup of a company, investors can become unable to attain key insights from trailing earnings.See more from Benzinga * Click here for options trades from Benzinga * Fastenal’s Debt Insights * Recap: Fastenal Q4 Earnings(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Fastenal (FAST) delivered earnings and revenue surprises of 3.03% and 2.01%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
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