Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Core & Main (CNM) . Brokerage Recommendation Trends for CNM This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven t ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Of the 11 recommendations that derive the current ABR, six are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 54.6% and 9.1% of all recommendations. This means that the interests of these institutions ...

The industrial stock sank amid mixed earnings results. Shares of industrial water and wastewater pipe and equipment maker Core & Main (CNM -14.46%) sank 16.7% on Tuesday, as of 2:12 p.m. EDT. The company reported earnings this morning, and while revenue came in ahead of expectations, the company's falling margins apparently left a bad taste in investors' mouths. Also, given that the stock was already up 39% on year heading into Tuesday, a mixed result wasn't enough to overcome expectations. Growth-by-acquis ...

Core & Main, Inc. (NYSE:CNM) Q1 2024 Earnings Conference Call June 4, 2024 8:30 AM ET Company Participants Robyn Bradbury - VP, Finance and IR Steve LeClair - Chairman and CEO Mark Witkowski - CFO Conference Call Participants Matthew Bouley - Barclays Nigel Coe - Wolfe Research Mike Dahl - RBC Capital Markets Asher Sohnen - Citigroup Kathryn Thompson - Thompson Research Group Joe Ritchie - Goldman Sachs Operator Good morning, everyone, and welcome to the Core & Main Q1 2024 Earnings Call. My name is Angela ...

Group 1 - Core & Main reported quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.51 per share, and showing a slight decrease from $0.50 per share a year ago, resulting in an earnings surprise of -3.92% [1] - The company posted revenues of $1.74 billion for the quarter ended April 2024, surpassing the Zacks Consensus Estimate by 1.16%, and an increase from $1.57 billion year-over-year [2] - Core & Main shares have increased approximately 38.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 10.8% [3] Group 2 - The earnings outlook for Core & Main is mixed, with the current consensus EPS estimate for the coming quarter at $0.78 on revenues of $2.07 billion, and $2.59 on revenues of $7.54 billion for the current fiscal year [7] - The Waste Removal Services industry, to which Core & Main belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Fiscal 2024 First Quarter Results JUNE 4, 2024 Cautionary Note Regarding Forward-Looking Statements Use of Non-GAAP Financial Measures We use EBITDA, Adjusted EBITDA, Adjusted EBITDA margin, Operating Cash Flow Conversion and Net Debt Leverage to assess the operating results and effectiveness and efficiency of our business. We present these non-GAAP financial measures because we believe investors consider them to be important supplemental measures of performance, and we believe that these measures are frequ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Core & Main, Inc. (Exact name of registrant as specified in its charter) 1830 Craig Park Court St. Louis, Missouri 63146 (314) 432-4700 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) If an emerging growth company, indicate by check mark if the registrant has elected not to use t ...

Core & Main will host a live conference call and webcast on June 4, 2024 at 8:30 a.m. ET to discuss the company's financial results. The webcast will be accessible via the events calendar at ir.coreandmain.com. The conference call may also be accessed by dialing 833-470-1428 or +1-404-975-4839 (international). The passcode for the call is 988688. To ensure participants are connected for the full call, please dial in at least 10 minutes prior to the start of the call. About Core & Main Cautionary Note Regard ...

Core & Main (CNM) will report its fiscal 2024 first-quarter results on Jun 4, before market open. Let us check out how CNM has lately been doing. Stock Performance & Valuation To Conclude Based on EV-to-EBITDA, CNM is currently trading at 19.06X compared with the industry's 12.43X. If we look at the Price/Earnings ratio, CNM shares currently trade at 22.69X forward earnings, below the industry's 26.98X. FY23 Sales & Margin Performances CNM's fiscal 2023 revenues amounted to $6.7 billion, a marginal rise on ...

Core & Main (CNM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this distributor of water and fire protection products have returned +8.3%, compared to the Zacks S&P 500 composite's +7.3% change. During this period, the Zacks Waste Removal Services industry, which Core & Main falls in, has gained 0.7%. The key question now is: What could be the ...