Ferguson Q1 Adj EPS $2.65 Beats $2.62 Estimate, Sales $7.71B Beat $7.68B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ferguson (NYSE:FERG) reported Q1 adjusted earnings of $2.65 per share, surpassing the consensus estimate of $2.62. Sales reached $7.71B, also beating the $7.68B estimate. However, both earnings and sales saw a decrease compared to the same period last year, with earnings down 10.17% and sales down 2.81%.
December 05, 2023 | 11:46 am
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Ferguson reported higher-than-expected Q1 earnings and sales, but experienced declines from the previous year's figures.
While Ferguson's earnings and sales beat estimates, the year-over-year decline may temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100