Core & Main Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core & Main, Inc. CNM is expected to release earnings results for its fourth quarter, before the opening bell on March 19, 2024.

Analysts expect the Saint Louis, Missouri-based company to report quarterly earnings at 35 cents per share, compared to 35 cents per share in the year-ago period. Core & Main is projected to report quarterly revenue of $1.43 billion, compared to $1.37 billion in the year-earlier quarter, according to data from Benzinga Pro.

Last week, Core & Main agreed to acquire NW Geosynthetics Inc., doing business as ACF West Inc.

Core & Main shares fell 0.5% to close at $50.69 on Monday.

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.

• Loop Capital analyst Jeffrey Stevenson maintained a Buy rating and raised the price target from $48 to $58 on March 8, 2024. This analyst has an accuracy rate of 75%.
• Citigroup analyst Anthony Pettinari upgraded the stock from Neutral to Buy and boosted the price target from $38 to $48 on Jan. 8, 2024. This analyst has an accuracy rate of 80%.
• Goldman Sachs analyst Joe Ritchie maintained a Neutral rating and raised the price target from $38 to $42 on Dec. 14, 2023. This analyst has an accuracy rate of 70%.
• Truist Securities analyst Keith Hughes maintained a Hold rating and increased the price target from $30 to $38 on Dec. 8, 2023. This analyst has an accuracy rate of 87%.
• Barclays analyst Matthew Bouley maintained an Overweight rating and increased the price target from $38 to $49 on Dec. 8, 2023. This analyst has an accuracy rate of 80%.

Read This Next: Top 5 Industrials Stocks That May Fall Off A Cliff In Q1