Equity Profile

FERG

Ferguson Enterprises Inc.

IndustrialsTrading Companies & Distributors$45.2B

Jun8Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Ferguson Enterprises Inc. is a leading distributor of plumbing and heating products, primarily serving the construction and renovation sectors....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help assess how well Ferguson is managing costs and driving revenue.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and respond to demand in the construction industry.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FERG Q2-2026 Earnings Preview

Context

Company Snapshot

Ferguson Enterprises Inc. is a leading distributor of plumbing and heating products, primarily serving the construction and renovation sectors. As a major player in the industrials sector, Ferguson is influenced by trends in construction activity and consumer spending, making its performance relevant to the broader economy.

Earnings Scorecard·Last 6Q

EPS Beat Streak

EPS Beat Rate

67%

Avg EPS Surprise

+8.07%

Avg Stock Reaction

+1.91%

Last Quarter Recap

In the last quarter, Ferguson reported an EPS of $2.28, exceeding expectations by 6.69%. However, the stock reacted negatively, dropping 3.06% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Ferguson's upcoming earnings, given its recent EPS beats. However, concerns about revenue growth and market conditions persist.

Bull Case

If Ferguson continues its trend of beating EPS estimates, it could signal strong operational performance and market resilience, potentially driving the stock higher.

Bear Case

Conversely, if Ferguson fails to meet expectations or shows signs of slowing growth, it could lead to a significant decline in stock price, reflecting broader market concerns.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for this quarter?

Given the company's recent performance, a strong EPS could reinforce investor confidence, while a miss might raise concerns about profitability.

How is Ferguson addressing supply chain challenges?

Supply chain issues have been a significant concern in the industry; effective management could indicate resilience and operational strength.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ferguson's ability to navigate supply chain challenges, leading to stronger-than-expected EPS results.

Supporting Evidence

Ferguson's recent EPS beats indicate strong operational management, which may not be fully reflected in current estimates.

The options market is pricing a smaller move than historical averages, suggesting potential upside surprise.

Past performance shows that Ferguson has a 67% EPS beat rate, indicating a strong likelihood of continued success.

Key Risk

If EPS comes in below $2.00, it could lead to a significant reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Ferguson's ability to maintain profitability amid fluctuating demand and supply chain challenges.

Bull Confirmed If

An EPS of $2.50 or higher would confirm the bullish outlook, suggesting strong operational performance.

Bear Confirmed If

An EPS below $2.00 would confirm the bearish outlook, indicating potential struggles in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±4.0%

Historical Avg

±8.1%

Pricing cheap

The options market is pricing in a potential move of about 4% in either direction, suggesting uncertainty ahead of the earnings report.

Options are pricing ±4.0% while FERG has averaged ±8.1% over the last 6 prints — setup is pricing cheap.

Detail

ATM IV

0.4%

30d HV

27.1%

Calls (2K)P/C Ratio: 4.00Puts (2K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Ferguson beats expectations, history suggests the stock could rise by an average of 6.77%, confirming a positive operational trend.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await more clarity on future guidance.

Miss

If Ferguson misses expectations, history suggests a potential decline of around 7.83%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain management and its impact on operations.
2Guidance on revenue expectations for the next quarter.
3Details on cost management strategies and their effectiveness.
4Insights into market demand trends in the construction sector.
5Any commentary on competitive positioning and market share.

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Company Snapshot

Ferguson Enterprises Inc. is a leading distributor of plumbing and heating products, primarily serving the construction and renovation sectors....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will help assess how well Ferguson is managing costs and driving revenue.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and respond to demand in the construction industry.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

FERG Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 6Q

EPS Beat Streak

EPS Beat Rate

67%

Avg EPS Surprise

+8.07%

Avg Stock Reaction

+1.91%

Last Quarter Recap

In the last quarter, Ferguson reported an EPS of $2.28, exceeding expectations by 6.69%. However, the stock reacted negatively, dropping 3.06% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Ferguson's upcoming earnings, given its recent EPS beats. However, concerns about revenue growth and market conditions persist.

Bull Case

If Ferguson continues its trend of beating EPS estimates, it could signal strong operational performance and market resilience, potentially driving the stock higher.

Bear Case

Conversely, if Ferguson fails to meet expectations or shows signs of slowing growth, it could lead to a significant decline in stock price, reflecting broader market concerns.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for this quarter?

Given the company's recent performance, a strong EPS could reinforce investor confidence, while a miss might raise concerns about profitability.

How is Ferguson addressing supply chain challenges?

Supply chain issues have been a significant concern in the industry; effective management could indicate resilience and operational strength.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ferguson's ability to navigate supply chain challenges, leading to stronger-than-expected EPS results.

Supporting Evidence

Ferguson's recent EPS beats indicate strong operational management, which may not be fully reflected in current estimates.

The options market is pricing a smaller move than historical averages, suggesting potential upside surprise.

Past performance shows that Ferguson has a 67% EPS beat rate, indicating a strong likelihood of continued success.

Key Risk

If EPS comes in below $2.00, it could lead to a significant reevaluation of the company's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Ferguson's ability to maintain profitability amid fluctuating demand and supply chain challenges.

Bull Confirmed If

An EPS of $2.50 or higher would confirm the bullish outlook, suggesting strong operational performance.

Bear Confirmed If

An EPS below $2.00 would confirm the bearish outlook, indicating potential struggles in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±4.0%

Historical Avg

±8.1%

Pricing cheap

The options market is pricing in a potential move of about 4% in either direction, suggesting uncertainty ahead of the earnings report.

Options are pricing ±4.0% while FERG has averaged ±8.1% over the last 6 prints — setup is pricing cheap.

Detail

ATM IV

0.4%

30d HV

27.1%

Calls (2K)P/C Ratio: 4.00Puts (2K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Ferguson beats expectations, history suggests the stock could rise by an average of 6.77%, confirming a positive operational trend.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await more clarity on future guidance.

Miss

If Ferguson misses expectations, history suggests a potential decline of around 7.83%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain management and its impact on operations.
2Guidance on revenue expectations for the next quarter.
3Details on cost management strategies and their effectiveness.
4Insights into market demand trends in the construction sector.
5Any commentary on competitive positioning and market share.