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

Core & Main

03/12/2024 14:31

* Core & Main Inc  CNM.N  reported quarterly adjusted
earnings of
74 cents​​ per share for the quarter ended October 31, higher
than the same quarter last year, when the company reported EPS
of 73 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 65 cents per share. Wall Street
expected results to range from 61 cents to 68 cents per share.
    * Revenue rose 11.5% to $2.04 billion from a year ago;
analysts
expected $1.99 billion. 
    * Core & Main Inc's reported EPS for the quarter was 69
cents​.
    * The company reported quarterly net income of $133 million.
    * Core & Main Inc shares had risen by 8.8% this quarter and
gained 19.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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." 
    * 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 $52.00 
This summary was machine generated from LSEG data December 3 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 2024      0.65           0.74           Beat
 Jul. 31 2024      0.74           0.67           Missed
 Apr. 30 2024      0.51           0.52           Beat
 Jan. 31 2024      0.35           0.38           Beat