As for Tuesday's earnings calendar, Fastenal (FAST) is the only S&P 500 component set to report with its fiscal second-quarter results due before the opening bell.
The average estimate of analysts polled by Thomson Reuters is calling for the Winona, Minn.-based wholesale of industrial and construction products to post a profit of 30 cents a share in June-ended period on revenue of $688.4 million.
Based on Monday's regular session close at $36, Fastenal shares are up a healthy 22% so far in 2011, but the company is facing some skepticism on Wall Street with seven of the 11 analysts covering the stock rating it a hold. The track record is spotty with Fastenal missing in four of its past eight quarters, though it's topped consensus three of the last four times out.
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