Industrial supplier Fastenal (NASDAQ:FAST) will be announcing earnings results tomorrow morning. Here’s what to look for.

Fastenal missed analysts’ revenue expectations by 1% last quarter, reporting revenues of $1.82 billion, up 3.7% year on year. It was a slower quarter for the company, with a significant miss of analysts’ adjusted operating income 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 3.3% year on year to $1.96 billion, improving from the 1.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 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.

Looking at Fastenal’s peers in the industrial distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. MSC Industrial’s revenues decreased 4.7% year on year, missing analysts’ expectations by 0.8%, and Richardson Electronics reported revenues up 2.7%, falling short of estimates by 1.7%. MSC Industrial traded down 10.3% following the results.

Read our full analysis of MSC Industrial’s results here and Richardson Electronics’s results here.

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