Equity Profile

FERG

Ferguson Enterprises Inc.

IndustrialsTrading Companies & Distributors$48.0B

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 the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and expand its market share, which is crucial for long-term success.

N/A

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's performance can be influenced by trends in construction activity, consumer spending, and supply chain dynamics.

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 Q1-2026, Ferguson reported an EPS of $2.28, exceeding expectations by 6.69%. However, the stock experienced a decline of 3.06% the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Ferguson's upcoming earnings, especially given its recent history of beating EPS estimates. However, the lack of specific guidance may lead to uncertainty.

Bull Case

If Ferguson continues its trend of beating EPS estimates, it could signal strong operational performance and lead to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could result in a significant drop in stock price, reflecting investor disappointment.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be crucial in determining market sentiment and stock performance.

How is Ferguson addressing supply chain challenges?

Supply chain issues have been a concern for many companies; how Ferguson navigates these challenges could impact its revenue and profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ferguson's ability to leverage its market position and manage supply chain issues effectively, leading to a stronger performance than anticipated.

Supporting Evidence

Ferguson has a history of beating EPS estimates, with a 67% success rate in the last six quarters.

The options market is pricing a smaller move than historical averages, suggesting potential for a larger reaction.

Recent trends in construction activity may not be fully reflected in current expectations.

Key Risk

If EPS exceeds $2.50, it could significantly shift market sentiment in favor of the company.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around Ferguson's ability to maintain profitability and navigate supply chain issues effectively.

Bull Confirmed If

An EPS of $2.50 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.10 would confirm the bear case, suggesting potential challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±4.0%

Historical Avg

±8.1%

Pricing cheap

The options market is pricing in a move of approximately 4.0%, suggesting that investors expect some volatility around 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 strong operational performance.

In-Line / Cautious

A cautious but in-line report may lead to a muted reaction, as investors weigh the implications of management commentary.

Miss

If the company 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.
2Specific EPS guidance for the upcoming quarters.
3Insights into revenue growth trends in key markets.
4Management's commentary on competitive positioning and market share.
5Any changes in capital expenditure plans or investment strategies.

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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 the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and expand its market share, which is crucial for long-term success.

N/A

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 Q1-2026, Ferguson reported an EPS of $2.28, exceeding expectations by 6.69%. However, the stock experienced a decline of 3.06% the following day, indicating mixed market reactions.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Ferguson continues its trend of beating EPS estimates, it could signal strong operational performance and lead to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could result in a significant drop in stock price, reflecting investor disappointment.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of beating EPS estimates, this figure will be crucial in determining market sentiment and stock performance.

How is Ferguson addressing supply chain challenges?

Supply chain issues have been a concern for many companies; how Ferguson navigates these challenges could impact its revenue and profitability.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ferguson's ability to leverage its market position and manage supply chain issues effectively, leading to a stronger performance than anticipated.

Supporting Evidence

Ferguson has a history of beating EPS estimates, with a 67% success rate in the last six quarters.

The options market is pricing a smaller move than historical averages, suggesting potential for a larger reaction.

Recent trends in construction activity may not be fully reflected in current expectations.

Key Risk

If EPS exceeds $2.50, it could significantly shift market sentiment in favor of the company.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around Ferguson's ability to maintain profitability and navigate supply chain issues effectively.

Bull Confirmed If

An EPS of $2.50 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.10 would confirm the bear case, suggesting potential challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±4.0%

Historical Avg

±8.1%

Pricing cheap

The options market is pricing in a move of approximately 4.0%, suggesting that investors expect some volatility around 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 strong operational performance.

In-Line / Cautious

A cautious but in-line report may lead to a muted reaction, as investors weigh the implications of management commentary.

Miss

If the company 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.
2Specific EPS guidance for the upcoming quarters.
3Insights into revenue growth trends in key markets.
4Management's commentary on competitive positioning and market share.
5Any changes in capital expenditure plans or investment strategies.