Core & Main, Inc. (CNM) is scheduled to release its second-quarter fiscal 2024 results on Sept. 4, before market open.CNM outpaced the Zacks Consensus Estimate in one of the four quarters, met in one, and missed in two instances, delivering a negative earnings surprise of 1.7%, on average.Q2 Expectations for Core & MainThe Zacks Consensus Estimate for CNM’s revenues is pegged at $7.5 billion, indicating an 11.4% increase from the year-ago quarter’s actual.We anticipate robust end-market volumes and an earli ...

Core & Main (CNM) closed at $53.71 in the latest trading session, marking a +1.59% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.32%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.85%.Heading into today, shares of the distributor of water and fire protection products had lost 1.23% over the past month, lagging the Business Services sector's gain of 0.64% and the S&P 500's gain of 1.52% in that time.The upcoming earnings release of Core & Ma ...

In the latest trading session, Core & Main (CNM) closed at $50.55, marking a -0.69% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.2%. On the other hand, the Dow registered a loss of 0.15%, and the technology-centric Nasdaq decreased by 0.34%.Shares of the distributor of water and fire protection products witnessed a loss of 2.32% over the previous month, trailing the performance of the Business Services sector with its gain of 0.88% and the S&P 500's gain of 1. ...

Core & Main (CNM) closed the latest trading day at $47.53, indicating a -0.65% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 1.04% for the day. Meanwhile, the Dow experienced a rise of 0.76%, and the technology-dominated Nasdaq saw an increase of 1.03%.Prior to today's trading, shares of the distributor of water and fire protection products had lost 3.8% over the past month. This has was narrower than the Business Services sector's loss of 5.54% and ...

In the latest market close, Core & Main (CNM) reached $53.49, with a -0.07% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, added 0.07%.Coming into today, shares of the distributor of water and fire protection products had gained 9.38% in the past month. In that same time, the Business Services sector lost 0.96%, while the S&P 500 lost 0.21%.Investors will be eagerly watching for the performance o ...

Core & Main (CNM) closed the latest trading day at $51.22, indicating a +0.75% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.55%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.63%.The distributor of water and fire protection products's shares have seen a decrease of 0.41% over the last month, not keeping up with the Business Services sector's gain of 0.56% and the S&P 500's gain of 4.28%.Investors will be eagerly wa ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Core & Main (CNM) . Core & Main currently has an average brokera ...

文章核心观点 - 分析师的股票评级建议对投资者选择股票的决策有一定影响 [1] - 分析师的评级存在一定偏差,往往倾向于给予积极的评级 [5][10][11] - 与分析师评级相比,Zacks Rank是一个更可靠的股票评级指标 [7][11][12] 公司概况 - Core & Main目前的平均券商评级(ABR)为1.91,介于强烈买入和买入之间 [2] - 11家券商中有6家给予强烈买入评级,占54.6% [3] 分析师评级的局限性 - 分析师评级存在积极偏差,不能完全反映股票的未来价格走势 [5][6] - 分析师评级与Zacks Rank有所不同,Zacks Rank更能反映公司盈利预测的变化 [8][9][13] 公司未来前景 - 分析师对Core & Main当前年度盈利预测已下调1% [14] - 分析师对公司盈利前景持悲观态度,这可能是公司股价短期下跌的合理原因 [15] - 综合多方面因素,Core & Main目前被评为Zacks Rank 4(卖出) [16]

财务数据和关键指标变化 - 第一季度销售额增长11%至17.4亿美元,其中有8%来自收购 [11][27] - 毛利率为26.9%,较上年同期的27.9%有所下降,主要受到库存成本上升的影响 [15][27][28][44] - 销售、一般及管理费用增加15%,主要由于收购带来的费用增加和通胀压力 [29][30][31] - 净利润为1.01亿美元,较上年同期下降24%,主要由于营业利润下降和利息费用上升 [33] - 调整后EBITDA为2.17亿美元,较上年同期下降1% [34] 各条业务线数据和关键指标变化 - 计量产品销售增长31%,反映了公司在新产品和技术推广方面的能力 [13] - 排水管道产品销售增长良好,反映了基础设施建设的强劲需求 [12] - 消防产品销售受钢管价格下降的影响有所下降 [97][98] 各个市场数据和关键指标变化 - 住宅建设市场在第一季度实现同比增长,反映了需求的改善 [11][39][40][92] - 非住宅建设市场总体保持平稳,其中公路和街道项目、数据中心等领域表现强劲 [12][40][41][92] - 市政维修和更新市场保持低个位数增长,反映了良好的财政预算和老旧基础设施的升级需求 [12][42] 公司战略和发展方向及行业竞争 - 公司通过产品、客户和地域拓展等战略举措实现了高于市场的增长 [13][14][16][17] - 公司积极进行收购,在本季度和之后完成了5笔收购,扩大了地域覆盖和产品线 [18][19][20][21][22][23][106][107] - 公司在一个高度分散的39亿美元市场中仅占17%的份额,未来增长空间巨大 [10] 管理层对经营环境和未来前景的评论 - 管理层对公司在第一季度的表现感到满意,认为公司已经积累了良好的势头 [11][24] - 管理层对住宅和非住宅建设市场的前景保持乐观,预计2024年将保持低个位数增长 [39][40][41][92] - 管理层认为市政维修和更新市场将保持低个位数增长,但尚未看到基建法案带来的明显增量 [42][43] - 管理层表示将继续执行产品、客户和地域拓展等战略,并保持积极的收购节奏 [24][43] 其他重要信息 - 公司在第一季度实现了7.8亿美元的经营活动现金流,较上年同期有所改善 [34][35] - 公司在本季度和之后完成了6.1亿美元的收购支出,并将继续保持积极的收购节奏 [16][17][35][106][107] - 公司调整了2024财年的收入和调整后EBITDA指引,分别上调至75-76亿美元和935-975百万美元 [45] 问答环节重要的提问和回答 问题1 **Matthew Bouley提问** 询问毛利率指引中30-50个基点的下降是否为全年指引,以及公司如何应对市场竞争带来的压力 [48][49][50][51] **Mark Witkowski回答** 该指引为季度环比下降,公司将通过提高私有品牌销售等措施来抵消部分竞争压力带来的影响 [49][50][51] 问题2 **Nigel Coe提问** 询问公司是否预计未来会出现更广泛的价格下行压力,以及SG&A费用的增长趋势 [59][60][61][62][63] **Mark Witkowski和Steve LeClair回答** 公司目前未预计会出现更广泛的价格下行压力,SG&A费用增长主要受收购影响,公司将继续采取措施来提高效率 [60][61][62][63][64][75] 问题3 **Asher Sohnen提问** 询问价格竞争压力的原因,以及基建法案带来的增量是否会加剧竞争 [81][82][83][84] **Steve LeClair回答** 价格竞争压力属于正常行业周期,公司将通过私有品牌等措施来抵消影响。基建法案带来的项目将是长期的,公司正在评估其对业务的影响 [82][83][84]

Fiscal 2024 First Quarter Results JUNE 4, 2024 CAUTIONARY STATEMENTS Cautionary Note Regarding Forward-Looking Statements This presentation and accompanying discussion may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, all statements other than statements of historical or current facts relating to our intentions, beliefs, assumptions or current expectations concerning, among other things ...