Earnings Outlook For Ferguson
Portfolio Pulse from Benzinga Insights
Ferguson (NYSE:FERG) is anticipated to release its quarterly earnings report on March 5, 2024, with an expected EPS of $1.85. Analysts and investors are keen on whether Ferguson will surpass this estimate and provide optimistic guidance for the next quarter. The company's past earnings performance shows a mix of beats and misses, with the share price reacting variably. Currently, Ferguson's shares have seen a 54.77% increase over the last 52 weeks, trading at $214.43 as of March 1.
March 04, 2024 | 3:01 pm
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POSITIVE IMPACT
Ferguson is expected to report quarterly earnings with an EPS of $1.85 on March 5, 2024. The stock has risen 54.77% over the last year, indicating positive investor sentiment.
Given Ferguson's history of beating EPS estimates and the positive trend in its stock price over the past year, there is a high likelihood of a positive short-term impact on FERG's stock price if the company beats the EPS estimate again and provides optimistic future guidance. The anticipation of this event, based on past performance where the stock price reacted positively to earnings beats, supports a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100