Core & Main Inc reports results for the quarter ended in April - Earnings Summary

Core & Main

04/06/2024 16:21

* Core & Main Inc  CNM.N  reported quarterly adjusted
earnings of
52 cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of 51
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 51 cents per share. Wall Street expected
results to range from 49 cents to 54 cents per share.
    * Revenue rose 10.6% to $1.74 billion from a year ago;
analysts
expected $1.72 billion. 
    * Core & Main Inc's reported EPS for the quarter was 49
cents​.
    * The company reported quarterly net income of $95 million.
    * Core & Main Inc shares had fallen by 2.0% this quarter and
gained 38.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the industrial
machinery & equipment peer group is also "buy"

Wall Street's median 12-month price target for Core & Main Inc
is $64.00 
This summary was machine generated from LSEG data June 4 at
03:20 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.51           0.52           Beat
 Jan. 31 2024      0.35           0.38           Beat
 Oct. 31 2023      0.69           0.73           Beat
 Jul. 31 2023      0.68           0.75           Beat