Why Ferguson Enterprises Inc. (FERG) Skyrocketed On Tuesday

We recently published a list of 10 Stocks Leaving Wall Street in The Dust. In this article, we are going to take a look at where Ferguson Enterprises Inc. (NYSE:FERG) stands against other Tuesday’s best performers.

Ferguson Enterprises jumped by 17.23 percent on Tuesday to close at $211.36 as investor sentiment was buoyed by its higher net sales growth outlook for the rest of the year.

In a statement, Ferguson Enterprises Inc. (NYSE:FERG) raised its net sales growth guidance to low- to mid-single digits for full-year 2025, versus only low-single digits previously.

“We remain confident in our markets over the medium term and continue to balance investment in key strategic opportunities, leveraging multiyear tailwinds in both residential and non-residential markets as we support the complex project needs of our specialized professional customers,” said Ferguson Enterprises Inc. (NYSE:FERG) CEO Kevin Murphy.

In the third quarter of fiscal year 2025, Ferguson Enterprises Inc. (NYSE:FERG) said net income dropped by 7.4 percent to $410 million from $443 million in the same period last year.

Net sales, however, rose by 4.1 percent to $7.6 billion from $7.3 billion year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.