Ferguson Enterprises Inc reports results for the quarter ended October 31 - Earnings Summary

Ferguson Enterprises

10/12/2024 12:46

* Ferguson Enterprises Inc  FERG.N  reported quarterly
adjusted
earnings of $2.45​​ per share for the quarter ended October 31,
lower than the same quarter last year, when the company reported
EPS of $2.65.  The mean expectation of twelve analysts for the
quarter was for earnings of $2.62 per share. Wall Street
expected results to range from $2.54  to $2.72 per share.
    * Revenue rose 0.8% to $7.77 billion from a year ago;
analysts
expected $7.83 billion. 
    * Ferguson Enterprises Inc's reported EPS for the quarter
was
$2.34​.
    * The company reported quarterly net income of $470 million.
    * Ferguson Enterprises Inc shares had risen by 9.7% this
quarter and gained 12.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Ferguson
Enterprises Inc is $230.00 
This summary was machine generated from LSEG data December 10 at
12:45 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2024      2.62           2.45           Missed
 Jul. 31 2024      2.86           2.98           Beat
 Apr. 30 2024      2.32           2.32           Met
 Jan. 31 2024      1.84           1.74           Missed