Ferguson Enterprises Inc reports results for the quarter ended April 30 - Earnings Summary

• Ferguson Enterprises Inc FERG.N reported quarterly adjusted earnings of $2.50​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $2.32. The mean expectation of fifteen analysts for the quarter was for earnings of $2.02 per share. Wall Street expected results to range from $1.88 to $2.18 per share.

• Revenue rose 4.3% to $7.62 billion from a year ago; analysts expected $7.42 billion.

• Ferguson Enterprises Inc's reported EPS for the quarter was $2.07​.

• The company reported quarterly net income of $410 million.

• Ferguson Enterprises Inc shares had risen by 12.5% this quarter and gained 3.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 8 "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 $190.00

This summary was machine generated from LSEG data June 3 at 11:46 a.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)