Fastenal Company (FAST) is set to release fourth-quarter earnings results before the market opens on Tuesday, January 20. The industrial supplies distributor based in Winona, Minnesota is expected to show solid year-over-year growth, and analysts have been busy adjusting their forecasts ahead of the print.
Wall Street consensus calls for quarterly earnings of 26 cents per share, representing a healthy increase from the 23 cents per share Fastenal reported in the same period last year. Revenue estimates are equally optimistic, with analysts projecting $2.04 billion for the quarter compared to $1.82 billion a year earlier.
The earnings announcement comes a few weeks after Fastenal made a significant leadership announcement. On December 22, the company disclosed that Daniel L. Florness will step down from his CEO role on July 16, 2026, marking the end of an era for the industrial distribution giant.
Shares of Fastenal climbed 2.6% on Thursday, closing at $43.53.
What Top Analysts Are Saying
Several highly-rated analysts have weighed in on Fastenal in recent months, with their track records lending credibility to their forecasts. Here's what the most accurate analysts have been predicting:
Jefferies analyst Stephen Volkmann, who boasts a 72% accuracy rate, upgraded the stock from Hold to Buy on December 15, 2025, while raising his price target from $45 to $52. That's a notable vote of confidence heading into earnings season.
Barclays analyst Guy Hardwick maintained an Equal-Weight rating on November 13, 2025, but trimmed the price target slightly from $45 to $44. This analyst carries a 61% accuracy rate.
Baird analyst David Manthey, sporting an impressive 78% accuracy rate, upgraded Fastenal from Neutral to Outperform back on August 7, 2025, and bumped the price target from $47 to $55.
Stephens & Co. analyst Tommy Moll, also with a 78% accuracy rate, maintained an Equal-Weight rating on July 15, 2025, while boosting the price target from $40 to $45.
Loop Capital analyst Chris Dankert held steady with a Hold rating on July 8, 2025, but increased the price target from $40 to $45. This analyst has a 73% accuracy rate.
The range of price targets—from $44 to $55—suggests analysts see potential upside, even if they disagree on exactly how much runway the stock has.
