Ferguson Q4 2024 Adj. EPS $2.98 Beats $2.82 Estimate, Sales $7.946B Miss $7.993B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ferguson reported Q4 2024 earnings per share of $2.98, surpassing the analyst estimate of $2.82. However, its sales of $7.946 billion fell short of the expected $7.993 billion, despite a 1.38% increase from the previous year.
September 17, 2024 | 10:46 am
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Ferguson's Q4 2024 earnings per share exceeded expectations, but sales slightly missed estimates. This mixed result may lead to a neutral or slightly positive short-term stock price movement.
The earnings per share beat suggests strong profitability, which is positive for the stock. However, the sales miss indicates potential challenges in revenue growth. The mixed results may balance each other out, leading to a neutral or slightly positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100