Core & Main Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core & Main, Inc. CNM is projected to release financial results for the third fiscal quarter ended Oct. 29, 2023, before the opening bell on Dec. 5, 2023.

Analysts expect the company to post quarterly earnings at 68 cents per share, up from year-ago earnings of 67 cents per share. The company’s revenue might come in at $1.83 billion for the latest quarter.

Core & Main recently closed its earlier announced acquisition of substantially all of the assets of Enviroscape ECM, Ltd. and three affiliated entities.

Core & Main shares gained 2.8% to close at $36.00 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• RBC Capital analyst Mike Dahl maintained an Outperform rating and increased the price target from $34 to $38 on Nov. 28, 2023. This analyst has an accuracy rate of 69%.
• Wolfe Research analyst Nigel Coe upgraded the stock from Peer Perform to Outperform with a price target of $40 on Oct. 12, 2023. This analyst has an accuracy rate of 68%.
• Citigroup analyst Anthony Pettinari maintained a Neutral rating and increased the price target from $29 to $34 on July 14, 2023. This analyst has an accuracy rate of 79%.
• Barclays analyst Matthew Bouley maintained an Overweight rating and raised the price target from $37 to $38 on July 13, 2023. This analyst has an accuracy rate of 75%.
• Goldman Sachs analyst Joe Ritchie maintained a Neutral rating and boosted the price target from $30 to $33 on July 10, 2023. This analyst has an accuracy rate of 73%.

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