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

Core & Main

05/12/2023 14:33

* Core & Main Inc  CNM.N  reported quarterly adjusted
earnings of
73 cents​​ per share for the quarter ended in October, higher
than the same quarter last year, when the company reported EPS
of 67 cents.  The mean expectation of twelve analysts for the
quarter was for earnings of 69 cents per share. Wall Street
expected results to range from 61 cents to 75 cents per share.
    * Revenue rose 0.5% to $1.83 billion from a year ago;
analysts
expected $1.83 billion. 
    * Core & Main Inc's reported EPS for the quarter was 65
cents​.
    * The company reported quarterly net income of $112 million.
    * Core & Main Inc shares had risen by 25.1% this quarter and
gained 86.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.3%
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 8 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Core & Main
Inc
is $38.00 

This summary was machine generated from LSEG data December 5 at
02:31 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
 Oct. 31 2023      0.69           0.73           Beat
 Jul. 31 2023      0.68           0.75           Beat
 Apr. 30 2023      0.47           0.51           Beat
 Jan. 31 2023      0.32           0.35           Beat