Industrial supplier Fastenal (NASDAQ: FAST) will be announcing earnings results this Monday before the bell. Here’s what to expect.

Fastenal met analysts’ revenue expectations last quarter, reporting revenues of $1.96 billion, up 3.4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ sales volume estimates and EPS in line with analysts’ estimates.

Is Fastenal a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Fastenal’s revenue to grow 8% year on year to $2.07 billion, improving from the 1.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.28 per share.

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 5 upward revisions over the last 30 days (we track 11 analysts). Fastenal has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Fastenal’s peers in the industrial distributors segment, only MSC Industrial has reported results so far. It met analysts’ revenue estimates and delivered flat year-on-year revenue. The stock traded up 5.4% on the results.

There has been positive sentiment among investors in the industrial distributors segment, with share prices up 8.2% on average over the last month. Fastenal is up 4.5% during the same time and is heading into earnings with an average analyst price target of $38.83 (compared to the current share price of $44.05).

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