The company reported its FY 17/18 results, which were broadly in line with our estimates. The overall theme remained largely unchanged with the US continuing to out-perform, Canada and Central Europe being in the supportive role and the UK’s unremitting under-performance. Moving forward, we expect the pace of growth to slow down given the higher interest rate environment in the US and the intensifying industry competition. We have tweaked our estimates slightly. No change in the stock r
10 Oct 2018
The overall theme remains largely in line with our expectations
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The overall theme remains largely in line with our expectations
Ferguson Plc (FERG:LON) | 16,795 -54583.8 (-1.9%) | Mkt Cap: 34,063m
- Published:
10 Oct 2018 -
Author:
Ankush Kathuria -
Pages:
3
The company reported its FY 17/18 results, which were broadly in line with our estimates. The overall theme remained largely unchanged with the US continuing to out-perform, Canada and Central Europe being in the supportive role and the UK’s unremitting under-performance. Moving forward, we expect the pace of growth to slow down given the higher interest rate environment in the US and the intensifying industry competition. We have tweaked our estimates slightly. No change in the stock r