Ferguson Plc. (NYSE: FERG) shares soared 6.27% in pre-market trading on Tuesday, as investors eagerly await the company's fourth-quarter earnings report scheduled for release before the opening bell. The significant uptick suggests high market expectations for the upcoming financial results.

According to data from Benzinga Pro, analysts expect Ferguson Enterprises Inc. to report quarterly earnings of $2.88 per share on revenue of $8.41 billion. However, FactSet Research Systems Inc. provides a slightly more optimistic mean earnings estimate of $3.01 per share for the fourth quarter. The discrepancy in estimates adds an element of anticipation to the upcoming announcement.

The pre-market surge indicates that investors may be positioning themselves favorably ahead of the earnings release. Factors contributing to this optimism could include positive sector trends, potential outperformance relative to estimates, or expectations of strong guidance for the upcoming fiscal year. As the market awaits concrete financial data, the stock's movement reflects the high stakes and investor sentiment surrounding Ferguson's impending report.