Why Investors Bailed on Core & Main Stock This Week [Yahoo! Finance]
Core & Main, Inc. Class A (CNM)
Company Research
Source: Yahoo! Finance
In the abbreviated trading week, the specialized industrial company's stock tumbled by almost 21%, according to data compiled by S&P Global Market Intelligence . The major news from the company during the period wasn't very encouraging, after all. Nor was the resulting clutch of analyst price target reductions. A quarter to forget Core & Main, which concentrates on products for utilities and large industrial clients, reported its second-quarter earnings Wednesday before the market open. The good news was that sales rose by nearly 6% (to $1.96 billion), and net income ticked up by 8% to $119 million, or $0.61 per share. Discouragingly, though, both headline metrics came in well under the average analyst estimates. Compounding that, Core & Main management trimmed its guidance for full-year revenue. It attributed both its disappointing performance and the guidance modification to weather disruptions, among other factors. Analysts get more gloomy In the following days, several p
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News
- Core & Main (CNM) Stock Moves -0.38%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Core & Main to Announce Fiscal 2024 Third Quarter Results [Yahoo! Finance]Yahoo! Finance
- Core & Main to Announce Fiscal 2024 Third Quarter ResultsBusiness Wire
- 3 Reasons Core & Main Should Be High on Your Watchlist [Yahoo! Finance]Yahoo! Finance
- Is There An Opportunity With Core & Main, Inc.'s (NYSE:CNM) 32% Undervaluation? [Yahoo! Finance]Yahoo! Finance
CNM
Earnings
- 9/4/24 - Miss
CNM
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- CNM's page on the SEC website