Ferguson Enterprises Inc reports results for the quarter ended January 31 - Earnings Summary

• Ferguson Enterprises Inc FERG.N reported quarterly adjusted earnings of $1.52​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of $1.74. The mean expectation of twelve analysts for the quarter was for earnings of $1.60 per share. Wall Street expected results to range from $1.52 to $1.74 per share.

• Revenue rose 3% to $6.87 billion from a year ago; analysts expected $6.76 billion.

• Ferguson Enterprises Inc's reported EPS for the quarter was $1.38​.

• The company reported quarterly net income of $276 million.

• Ferguson Enterprises Inc shares had fallen by 4.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the construction supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for Ferguson Enterprises Inc is $211.00

This summary was machine generated from LSEG data March 11 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)