Ferguson plc · FERG · Next earnings

Ferguson plc reports Thursday, Nov 5, 2026

FERG reports before market open with consensus EPS at — and revenue at —. Last quarter: Ferguson raises 2026 guidance as HVAC and projects strengthen

Reports Before market open0 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $2.43 Analyst average (14 estimates)
Consensus revenue $8.11B Analyst average (13 estimates)
Report date Nov 5, 2026 Thursday, date estimated
Session Before market open 0 days away

Where FERG left off: FY2026 Q2

Full report

Ferguson raises 2026 guidance as HVAC and projects strengthen

EPS surprise +2.4% Reported $3.39 vs $3.31
Revenue surprise +0.8% Reported $8.75B vs $8.69B
Stock move +2.8% Event window
Subsequent drift -14.2% Up to 20 sessions

Management raised full-year 2026 sales guidance to mid-single-digit growth and operating-margin guidance to 9.5%-9.8%; full-year capex increased to $375-$425 million.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • A residential slowdown and uncertain macro conditions could weigh on demand.
  • Inflation and commodity volatility may pressure pricing and margins.
  • Large-project timing, inventory buildup and labor or logistics constraints could affect execution.
  • FloWorks-related leverage may constrain near-term capital returns.
  • Tariff-refund uncertainty could affect branded-supplier pricing dynamics.

Questions analysts left open

  • Backlog depth and timing of large capital-project revenue.
  • Inflation and tariff effects on pricing and gross margin.
  • Seasonal summer gross-margin compression and higher SG&A after the cost program ends.
  • Higher leverage and inventory buildup following the FloWorks acquisition.

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Recent FERG quarters

All FERG earnings
+2.8%FY2026 Q2+7.9%FY2026 Q1+7.9%FY2025 Q4+17.2%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.