Ferguson Q3 2024 Adj. EPS $2.32, Inline, Sales $7.308B Miss $7.354B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ferguson (NYSE:FERG) reported Q3 2024 adjusted earnings per share (EPS) of $2.32, which met analyst expectations. However, the company's quarterly sales of $7.308 billion missed the consensus estimate of $7.354 billion by 0.62%. Despite this, both EPS and sales showed year-over-year growth.
June 04, 2024 | 10:47 am
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Ferguson reported Q3 2024 adjusted EPS of $2.32, meeting analyst expectations. However, sales of $7.308 billion missed the consensus estimate by 0.62%. Both EPS and sales showed year-over-year growth.
The earnings per share met expectations, which is neutral for the stock price. The slight miss in sales might cause minor negative sentiment, but the year-over-year growth in both EPS and sales could offset this. Overall, the impact is likely neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100