Core & Main Lags Q2 Earnings and Revenue Estimates
Core & Main (NYSE: CNM) came out with quarterly earnings of $0.61 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -16.44%. A quarter ago, it was expected that this distributor of water and fire protection products would post earnings of $0.51 per share when it actually produced earnings of $0.49, delivering a surprise of -3.92%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Core & Main, which belongs to the Zacks Waste Removal Services industry, posted revenues of $1.96 billion for the quarter ended July 2024, missing the Zacks Consensus Estimate by 2.77%. This compares to year-ago revenues of $1.86 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on …
Full story available on Benzinga.com
