Core & Main Inc reports results for the quarter ended April 30 - Earnings Summary

• Core & Main Inc CNM.N reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of twelve analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 48 cents to 59 cents per share.

• Revenue rose 9.8% to $1.91 billion from a year ago; analysts expected $1.85 billion.

• Core & Main Inc's reported EPS for the quarter was 52 cents​.

• The company reported quarterly net income of $100 million.

• Core & Main Inc shares had risen by 22.8% this quarter and gained 16.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is also "buy"

• Wall Street's median 12-month price target for Core & Main Inc is $60.00

This summary was machine generated from LSEG data June 10 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)