---
title: "Ferguson Analysts Boost Their Forecasts Following Better-Than-Expected Q2 Earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295544500.md"
description: "Ferguson Enterprises (NYSE:FERG) reported Q2 earnings of $3.39 per share, beating estimates, with sales rising 4.6% to $8.75 billion. The company raised its full-year net sales and operating margin outlooks, citing strong non-residential growth and completed acquisitions. Following the results, analysts Baird and Wells Fargo maintained positive ratings and increased their price targets for FERG shares."
datetime: "2026-08-11T13:19:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295544500.md)
  - [en](https://longbridge.com/en/news/295544500.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295544500.md)
generator: "portal-rs"
---

# Ferguson Analysts Boost Their Forecasts Following Better-Than-Expected Q2 Earnings

**Ferguson Enterprises Inc.** (NYSE:FERG) on Monday reported better-than-expected second-quarter results and raised its full-year outlook.

Ferguson reported adjusted earnings of $3.39 per share, topping the $3.29 analyst estimate. Sales rose 4.6% year over year to $8.75 billion, above the $8.67 billion consensus estimate.

Ferguson raised its fiscal 2026 net sales outlook to mid-single-digit growth from its previous forecast for low- to mid-single-digit growth. The company also raised the lower end of its adjusted operating margin outlook to 9.5%-9.8% from 9.4%-9.8%.

Kevin Murphy, Ferguson CEO, said, “Our associates continued to execute for our customers, driving market outperformance in the second quarter. We delivered another strong quarter of non-residential growth and we returned to growth in residential despite the challenging market backdrop. We completed five acquisitions and signed a definitive purchase agreement to acquire FloWorks, a leading distributor of highly technical valves and flow control solutions. Our scale-advantaged business model and consistent cash generation enable us to invest in organic growth, consolidate our markets through acquisitions and return capital to shareholders, all while maintaining a strong balance sheet.”

Ferguson shares closed at $263.78 on Monday.

These analysts made changes to their price targets on Ferguson following earnings announcement.

-   Baird analyst David Manthey maintained the stock with an Outperform rating and raised the price target from $285 to $288.
-   Wells Fargo analyst Sam Reid maintained the stock with an Overweight rating and raised the price target from $285 to $295.

**Considering buying FERG stock? Here’s what analysts think:**

*Photo via Shutterstock*

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## Related News & Research

- [Ferguson completes acquisition of FloWorks](https://longbridge.com/en/news/297649042.md)
- [Algert Global LLC Buys New Position in Ferguson plc $FERG](https://longbridge.com/en/news/297395839.md)
- [Ryan Merkel Reaffirms Buy on Ferguson, Backed by Solid Demand Trends and Mid-Single-Digit Organic Growth Outlook](https://longbridge.com/en/news/297237553.md)
- [Ferguson Enterprises (FERG) Could Be 11% Undervalued Following Earnings Beat And Higher Guidance](https://longbridge.com/en/news/295877849.md)
- [Why Ferguson Enterprises (FERG) Is Back In The Spotlight](https://longbridge.com/en/news/296695501.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**