Core & Main Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Core & Main, Inc. (NYSE:CNM) is set to release its Q4 earnings on March 19, 2024, with expectations to report earnings of 35 cents per share and quarterly revenue of $1.43 billion, showing growth from the previous year. The company recently acquired NW Geosynthetics Inc. (ACF West Inc.). Analysts from Loop Capital, Citigroup, Goldman Sachs, Truist Securities, and Barclays have provided updates on their ratings and price targets for CNM, reflecting a generally positive outlook.
March 19, 2024 | 5:43 am
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Core & Main is anticipated to report Q4 earnings with an EPS of 35 cents and revenue of $1.43 billion, indicating growth. The company's recent acquisition and positive analyst ratings suggest a favorable outlook.
The expected growth in earnings and revenue, combined with the recent acquisition and positive analyst ratings, suggest a positive short-term impact on CNM's stock price. The consistent analyst support and upgrade in price targets by reputable firms further reinforce the potential for stock appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100