Ferguson Enterprises rise after beating Q4 estimates
** Shares of Ferguson Enterprises FERG.N up 8.4% at $232.47 premarket
** The plumbing and air conditioning equipment supplier beats Q4 revenue, profit estimates
** Q4 adj. EPS of $3.48 beats analyst estimates of $2.88; sales of $8.5 bln above estimated $8.41 bln - data compiled by LSEG
** Revenue from non-residential markets, which accounts for about half of co's U.S. revenue, grew 15% in Q4 YoY, driven by equipment demand for waterworks projects - co
** Co sees mid-single digit revenue growth for calendar 2025
** FERG changing fiscal year-end to December 31 from July 31, reporting to be effective from Jan 1, 2026
** 16 of 24 brokerages rate the stock "buy" or higher, eight "hold"; median PT is $248.5 - data compiled by LSEG
** Up to last close FERG up 23.6% YTD
Related Articles
September Fed Watch: A Policy Pivot That Could Make or Break the Bull Stock Market
TradingKey - The Fed’s September FOMC meeting is widely seen as locking in the first rate cut of 2025. Yet strategists at Morgan Stanley, JPMorgan, and Oppenheimer warn that as investors shift focus to slowing growth, a more cautious tone may replace bullish stock sentiment.
Meta Connect 2025: An Inflection Point for AR Wearables?
TradingKey - Meta Connect 2025 kicks off this Wednesday, and expectations couldn’t be higher.
Effects of Interest Rate Cuts: Impact of Fed's September Meeting on Crypto Market
The Fed’s rate cut decision is a major bullish catalyst for crypto — but it comes with uncertainty. Investors should understand the economic rationale behind the move and adjust strategies accordingly. Staying flexible, informed, and disciplined is key to thriving in crypto’s fast-moving environment
