Core & Main Inc reports results for the quarter ended in July 31 - Earnings Summary

Core & Main

04/09/2024 14:32

* Core & Main Inc  CNM.N  reported quarterly adjusted
earnings of
67 cents​​ per share for the quarter ended July 31, lower than
the same quarter last year, when the company reported EPS of 75
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 74 cents per share. Wall Street expected
results to range from 72 cents to 75 cents per share.
    * Revenue rose 5.5% to $1.96 billion from a year ago;
analysts
expected $2.06 billion. 
    * Core & Main Inc's reported EPS for the quarter was 61
cents​.
    * The company reported quarterly net income of $119 million.
    * Core & Main Inc shares had fallen by 4.4% this quarter and
gained 15.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 62.00 
This summary was machine generated from LSEG data September 4 at
01:31 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
 Jul. 31 2024      0.74           0.67           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