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

Core & Main

19/03/2024 13:31

* Core & Main Inc  CNM.N  reported quarterly adjusted
earnings of
38 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 35 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of 35 cents per share. Wall Street
expected results to range from 33 cents to 42 cents per share.
    * Revenue rose 4.8% to $1.44 billion from a year ago;
analysts
expected $1.43 billion. 
    * Core & Main Inc's reported EPS for the quarter was 34
cents​.
    * The company reported quarterly net income of $63 million.
    * Core & Main Inc shares had risen by 25.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Core & Main
Inc
is $49.00 

This summary was machine generated from LSEG data March 19 at
01:30 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
 Jan. 31 2024      0.35           0.38           Beat
 Oct. 31 2023      0.69           0.73           Beat
 Jul. 31 2023      0.68           0.75           Beat
 Apr. 30 2023      0.47           0.51           Beat