Latest news with #Fastenal
Yahoo
5 days ago
- Business
- Yahoo
Fastenal (FAST) Upgraded to Buy: Here's Why
Fastenal (FAST) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time. Therefore, the Zacks rating upgrade for Fastenal basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock. For Fastenal, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher. Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> . Earnings Estimate Revisions for Fastenal This maker of industrial and construction fasteners is expected to earn $1.11 per share for the fiscal year ending December 2025, which represents no year-over-year change. Analysts have been steadily raising their estimates for Fastenal. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.3%. Bottom Line Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term. You can learn more about the Zacks Rank here >>> The upgrade of Fastenal to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fastenal Company (FAST) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
30-07-2025
- Business
- Yahoo
Josh Brown Highlights His New Best Industrial Stock Pick in 2025
Fastenal Co (NASDAQ:FAST) is one of the . Josh Brown, CEO of Ritholtz Wealth Management, recently highlighted Fastenal Co (NASDAQ:FAST) as one of his best stock picks in the market. Here is how Brown explained his thesis about the stock: 'When you look at a long-term chart of this, it's just up and to the right. The buyers come in pretty much on every dip, and the trend line has been pristine dating back to early 2023. Basically, what they've done is they've Amazon-ed the construction business. They have something called Fastenal Managed Inventory. It's a digital tech platform so that you don't even have to reorder the things that you're running out of as an industrial company building things. Fastenal already knows, and they will deliver what you need right to the site. And this has been incredible for the business.44% of total sales last quarter, which they announced on Monday, came in as a result of this FMI technology—this platform that I'm talking about. The important thing to understand here is it's an industrial company. It's not a tech company, doesn't grow revenue at 40% a year or anything like that, but it's incredibly well-managed.' Photo by Ruben Sukatendel on Unsplash While we acknowledge the potential of FAST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-07-2025
- Business
- Yahoo
Earnings To Watch: Global Industrial (GIC) Reports Q2 Results Tomorrow
Industrial and commercial distributor Global Industrial (NYSE:GIC) will be announcing earnings results this Tuesday afternoon. Here's what you need to know. Global Industrial beat analysts' revenue expectations by 4.6% last quarter, reporting revenues of $321 million, flat year on year. It was an incredible quarter for the company, with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. Is Global Industrial a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Global Industrial's revenue to grow 1.2% year on year to $351.8 million, slowing from the 6.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.50 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Global Industrial has missed Wall Street's revenue estimates three times over the last two years. Looking at Global Industrial's peers in the industrial distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fastenal delivered year-on-year revenue growth of 8.6%, beating analysts' expectations by 0.5%, and MSC Industrial reported flat revenue, in line with consensus estimates. Fastenal traded up 4.2% following the results while MSC Industrial was also up 5.4%. Read our full analysis of Fastenal's results here and MSC Industrial's results here. There has been positive sentiment among investors in the industrial distributors segment, with share prices up 6.8% on average over the last month. Global Industrial is up 1.9% during the same time and is heading into earnings with an average analyst price target of $38 (compared to the current share price of $27.53). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-07-2025
- Automotive
- Yahoo
GATX (GATX) Reports Earnings Tomorrow: What To Expect
Leasing services company GATX (NYSE:GATX) will be reporting earnings this Tuesday before market open. Here's what to look for. GATX beat analysts' revenue expectations by 1.1% last quarter, reporting revenues of $421.6 million, up 11% year on year. It was a slower quarter for the company, with a significant miss of analysts' EBITDA estimates. It reported 103,310 active railcars, up 1.6% year on year. Is GATX a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting GATX's revenue to grow 10.4% year on year to $427.1 million, slowing from the 12.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.01 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. GATX has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 1.8% on average. Looking at GATX's peers in the industrial distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fastenal delivered year-on-year revenue growth of 8.6%, beating analysts' expectations by 0.5%, and Richardson Electronics reported revenues up 9.5%, falling short of estimates by 3.7%. Fastenal traded up 4.2% following the results while Richardson Electronics was also up 10.9%. Read our full analysis of Fastenal's results here and Richardson Electronics's results here. There has been positive sentiment among investors in the industrial distributors segment, with share prices up 6.8% on average over the last month. GATX's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $180.33 (compared to the current share price of $153.47). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-07-2025
- Business
- Yahoo
FTAI Aviation Earnings: What To Look For From FTAI
Aircraft leasing company FTAI Aviation (NASDAQ:FTAI) will be announcing earnings results this Tuesday after market close. Here's what you need to know. FTAI Aviation missed analysts' revenue expectations by 2.1% last quarter, reporting revenues of $502.1 million, up 53.7% year on year. It was a mixed quarter for the company, with an impressive beat of analysts' EBITDA estimates but a significant miss of analysts' adjusted operating income estimates. Is FTAI Aviation a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting FTAI Aviation's revenue to grow 42.2% year on year to $630.6 million, slowing from the 61.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.39 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FTAI Aviation has missed Wall Street's revenue estimates three times over the last two years. Looking at FTAI Aviation's peers in the industrial distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fastenal delivered year-on-year revenue growth of 8.6%, beating analysts' expectations by 0.5%, and Richardson Electronics reported revenues up 9.5%, falling short of estimates by 3.7%. Fastenal traded up 4.2% following the results while Richardson Electronics was also up 10.9%. Read our full analysis of Fastenal's results here and Richardson Electronics's results here. There has been positive sentiment among investors in the industrial distributors segment, with share prices up 6.8% on average over the last month. FTAI Aviation's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $167.26 (compared to the current share price of $115.00). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
