Ferguson Enterprises Inc expected to post earnings of $2.62 a share - Earnings Preview

Ferguson Enterprises

06/12/2024 11:47

* Ferguson Enterprises Inc  FERG.N   FERG.K  is expected
to show a
rise in quarterly revenue when it reports  results on December
10 for the period ending October 31 2024
    * The Newport News Virginia-based  company is expected to
report a
1.6% increase in revenue to $7.831 billion from $7.71 billion a
year ago, according to the mean estimate from 12 analysts, based
on LSEG data.
    * ​LSEG's mean analyst estimate for Ferguson Enterprises Inc
is
for earnings of $2.62 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Ferguson
Enterprises Inc is $230.00​, above​ its last closing price
of $215.18. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2024  2.84        2.86       2.98      Beat    4.2
 Apr. 30 2024  2.31        2.32       2.32      Met     0.2
 Jan. 31 2024  1.84        1.84       1.74      Missed  -5.6​
 Oct. 31 2023  2.64        2.64       2.65      Beat    0.5
 ​​Jul.        2.45        2.46       2.77      Beat    12.7
 31 2023                                                
 Apr. 30 2023  2.16        2.17       2.20      Beat    1.6​
 Jan. 31 2023  2.02        2.01       1.91      Missed  -5.1
 Oct. 31 2022  2.78        2.78       2.95      Beat    6.1
 This summary was machine generated December 6 at 11:47 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)