Core & Main Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Lisa Levin
Core & Main, Inc. (NYSE:CNM) is expected to release its Q3 financial results on Dec. 5, 2023, with analysts predicting an EPS of 68 cents, up from 67 cents a year ago, and revenue of $1.83 billion. The company completed the acquisition of assets from Enviroscape ECM, Ltd. CNM's stock closed up 2.8% at $36.00. Analysts from RBC Capital, Wolfe Research, Citigroup, Barclays, and Goldman Sachs have provided ratings and price targets for CNM, with various adjustments and accuracy rates.
December 04, 2023 | 1:00 pm
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POSITIVE IMPACT
Core & Main is anticipated to report improved Q3 earnings with a slight increase in EPS and significant revenue. The company has completed a notable acquisition and received positive analyst ratings with increased price targets.
The anticipation of a positive earnings report, coupled with a recent acquisition and favorable analyst ratings, suggests a potential short-term uptick in CNM's stock price. The recent close up of 2.8% also indicates positive market sentiment leading up to the earnings call.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100