Core & Main, Inc. (CNM) Q3 2024 Earnings Call Transcript
Core & Main, Inc. (NYSE:CNM ) Q3 2024 Earnings Conference Call December 3, 2024 9:00 AM ET Company Participants Robyn Bradbury - IR Steve LeClair - Chair and CEO Mark Witkowski - CFO Conference Call Participants Kathryn Thompson - Thompson Research Group. David Manthey - Baird Nigel Coe - Wolfe Research Mike Dahl - RBC Capital Markets Sam Reid - Wells Fargo Patrick Baumann - JPMorgan Joe Ritchie - Goldman Sachs Anthony Pettinari - Citigroup Matthew Bouley - Barclays David Ridley-Lane - Bank of America Operator Hello, and welcome to the Core & Main Q3 2024 Earnings Call.
Core & Main (CNM) Q3 Earnings and Revenues Top Estimates
Core & Main (CNM) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.65 per share a year ago.
Core & Main Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Core & Main, Inc. CNM will release earnings results for the third quarter, before the opening bell on Tuesday, Dec. 3.
Wall Street Analysts Think Core & Main (CNM) Is a Good Investment: Is It?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Core & Main (CNM) Stock Sinks As Market Gains: Here's Why
Core & Main (CNM) closed at $42.73 in the latest trading session, marking a -1.95% move from the prior day.
Core & Main (CNM) Ascends While Market Falls: Some Facts to Note
In the latest trading session, Core & Main (CNM) closed at $43.58, marking a +0.76% move from the previous day.
Core & Main (CNM) Stock Slides as Market Rises: Facts to Know Before You Trade
In the most recent trading session, Core & Main (CNM) closed at $45.07, indicating a -0.38% shift from the previous trading day.
Core & Main (CNM) Falls More Steeply Than Broader Market: What Investors Need to Know
Core & Main (CNM) closed at $46.09 in the latest trading session, marking a -1.35% move from the prior day.
Why Core & Main (CNM) Outpaced the Stock Market Today
Core & Main (CNM) concluded the recent trading session at $43.45, signifying a +1.73% move from its prior day's close.
Core & Main: 40% Selloff Since May, But I Am Not Buying Yet
Core & Main faces significant headwinds, including weather disruptions, lower steel pipe prices, and a slowdown in commercial projects, impacting their recent performance. Despite a solid share buyback program and manageable debt levels, the lack of insider buying activity raises concerns about a potential decline in the share price in the near future. Acquisition-driven growth contributed 9% to sales increases, but without acquisitions, sales would have dropped 3.5%. I'm concerned about their reliance on acquisitions for growth.
Why Investors Bailed on Core & Main Stock This Week
The veteran industrial components supplier's second quarter fell short of expectations. It missed on both the top and bottom lines for the period.
Core & Main (CNM) Is Considered a Good Investment by Brokers: Is That True?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
