Core & Main Analysts Cut Their Forecasts After Q2 Results

Financial Performance - Core & Main reported quarterly earnings of 87 cents per share, exceeding the analyst consensus estimate of 79 cents per share [1] - The company reported quarterly sales of $2.093 billion, which fell short of the analyst consensus estimate of $2.138 billion [1] - Core & Main narrowed its FY2025 sales guidance from a range of $7.600 billion-$7.800 billion to $7.600 billion-$7.700 billion [1] Market Reaction - Following the earnings announcement, Core & Main shares fell 0.1% to $49.68 in the pre-market trading session [2] Analyst Ratings - RBC Capital analyst Mike Dahl maintained an Outperform rating on Core & Main but lowered the price target from $67 to $62 [4] - Barclays analyst Matthew Bouley also maintained an Overweight rating while cutting the price target from $69 to $65 [4]