Earnings Outlook For Ferguson
Portfolio Pulse from Benzinga Insights
Ferguson (NYSE:FERG) is set to announce its latest quarterly earnings report on Tuesday, 2023-09-26. Analysts estimate an earnings per share (EPS) of $2.46. Last quarter, the company beat EPS by $0.03, which was followed by a 0.35% drop in the share price. Shares of Ferguson were trading at $150.56 as of September 22, with a 46.07% increase over the last 52-week period.
September 25, 2023 | 2:01 pm
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Ferguson is expected to announce its Q3 earnings on 2023-09-26 with an estimated EPS of $2.46. The company's stock price dropped 0.35% after the last earnings announcement despite beating the EPS estimate.
The upcoming earnings report is a significant event for Ferguson. While the company beat the EPS estimate last quarter, the stock price still dropped. This suggests that other factors, such as guidance, may have a more significant impact on the stock price. Given the positive performance over the past year, long-term investors are likely to remain satisfied.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100