Ferguson Q3 Adj. EPS $2.20 Beats $2.17 Estimate, Sales $7.14B Beat $7.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ferguson (NYSE:FERG) reported Q3 adjusted earnings of $2.20 per share, beating the analyst consensus estimate of $2.17 by 1.38%. Quarterly sales were $7.14 billion, surpassing the estimate of $7.10 billion by 0.56%. However, both earnings and sales decreased compared to the same period last year.
June 06, 2023 | 10:48 am
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Ferguson's Q3 earnings beat estimates, but both earnings and sales decreased compared to the same period last year.
Ferguson's Q3 earnings beat analyst estimates, which could have a positive impact on the stock price. However, the decrease in both earnings and sales compared to the same period last year may offset any potential gains, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100