Ferguson Enterprises Inc. (FERG) is gearing up to unveil its fourth-quarter earnings results on Tuesday, September 17, before the market opens. Analysts are expecting the Newport News, Virginia-based company to deliver robust earnings, with estimates pointing to $2.88 per share, a notable increase from $2.77 per share in the same period last year. In terms of revenue, Ferguson projects a quarterly figure of $8.06 billion, exceeding the $7.84 billion reported a year ago, according to data from Benzinga Pro.
Ferguson shares closed at $190.18 on Thursday, reflecting a 0.9% gain. As investors eagerly await the earnings release, it’s crucial to consider what industry experts are saying about FERG.
Analyst Sentiment:
Benzinga’s Analyst Stock Ratings page offers a valuable resource for accessing the latest insights from analysts. We’ve compiled a snapshot of recent ratings and price targets for FERG, highlighting the most accurate analysts based on their historical performance.
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Jefferies:
Analyst Philip Ng maintained a Buy rating and raised the price target from $238 to $250 on July 17. This analyst boasts an accuracy rate of 67%.*
Barclays:
Analyst Matthew Bouley maintained an Overweight rating but reduced the price target from $232 to $229 on July 12. This analyst holds an accuracy rate of 75%.*
RBC Capital:
Analyst Mike Dahl maintained an Outperform rating and lowered the price target from $217 to $211 on June 5. This analyst also has a 75% accuracy rate.*
UBS:
Analyst John Lovallo maintained a Buy rating and increased the price target from $225 to $236 on March 6. This analyst has a 69% accuracy rate.*
Truist Securities:
Analyst Keith Hughes maintained a Buy rating and raised the price target from $197 to $230 on March 6. This analyst has an impressive 83% accuracy rate.
Weighing Analyst Opinions:
The consensus among these analysts suggests a generally optimistic outlook for FERG. While some have adjusted their price targets downwards, the majority maintain Buy or Outperform ratings, indicating confidence in the company’s future performance.
As investors prepare for Ferguson’s earnings announcement, these insights provide valuable context for assessing the company’s trajectory and potential stock movements.
