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, Inc. CNM will release earnings results for the third quarter, before the opening bell on Tuesday, Dec. 3.
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) closed at $42.73 in the latest trading session, marking a -1.95% move from the prior day.
In the latest trading session, Core & Main (CNM) closed at $43.58, marking a +0.76% move from the previous day.
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) closed at $46.09 in the latest trading session, marking a -1.35% move from the prior day.
Core & Main (CNM) concluded the recent trading session at $43.45, signifying a +1.73% move from its prior day's close.
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.
The veteran industrial components supplier's second quarter fell short of expectations. It missed on both the top and bottom lines for the period.
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?
Shares of Core & Main (CNM), which supplies pipes for water, wastewater and other uses, posted worse-than-expected results and cut its outlook after it said bad weather and economic conditions affected sales.