Ferguson Enterprises Inc. Set to Report Earnings Soon

Ferguson Enterprises Inc. is poised to release its earnings report before market opening on September 17, 2024. The company is expected to show a slight increase in earnings per share compared to last year, despite missing expectations in a previous quarter.

Date: 17-09-2024

AI Rating: 6

Ferguson Enterprises Inc. (FERG) is projected to report earnings for the quarter ending July 31, 2024. According to the report, the consensus earnings per share (EPS) forecast for Ferguson is $2.88, marking a 3.97% increase from the same period the previous year. This positive change in EPS suggests a slight growth trajectory for the company.

However, it is important to note that Ferguson missed the consensus EPS in the first quarter of 2024 by -5.95%, indicating past performance may not have met investor expectations. The report also points out the Price to Earnings (P/E) ratio, reported at 20.05 for Ferguson versus an industry ratio of 22.20, suggesting that the stock may be viewed as relatively undervalued compared to its peers. This information could influence investor sentiment and impact stock prices.

Stocks: FERG