Leading Wall Street Analysts Adjust Key Price Predictions Prior to Q4 Earnings
Analysts are eagerly anticipating the first-quarter financial results of Core & Main, Inc. (CNM), which are scheduled to be released on Tuesday, March 25. The company, based in Saint Louis, Missouri, is expected to announce quarterly earnings of 36 cents per share, a significant increase from the 32 cents per share reported in the same period last year. Moreover, Core & Main is projecting quarterly revenue of $1.67 billion, marking substantial growth compared to the $1.44 billion recorded a year ago.
In a positive development, Core & Main reported better-than-expected third-quarter earnings per share and sales on December 3. Despite this promising news, the company’s shares experienced a slight decline, falling by 0.5%, to close at $48.27 on Friday.
For those curious about the latest analyst ratings, Benzinga offers access to this information on their Analyst Stock Ratings page. This feature allows readers to sort ratings by stock ticker, company name, analyst firm, rating changes, and other useful variables. Let’s delve into how some of Benzinga’s most accurate analysts have recently rated Core & Main:
– Analyst Anthony Pettinari from Citigroup maintained a Neutral rating and increased the price target from $43 to $56 on January 6, 2025, boasting an accuracy rate of 77%.
– Joe Ritchie, an analyst at Goldman Sachs, kept a Neutral rating and raised the price target from $50 to $57 on December 5, 2024, with an accuracy rate of 73%.
– Mike Dahl from RBC Capital reiterated an Outperform rating and raised the price target from $53 to $62 on December 4, 2024, showing an accuracy rate of 73%.
– Analyst Keith Hughes from Truist Securities maintained a Hold rating and raised the price target from $38 to $56 on December 4, 2024, with an impressive accuracy rate of 77%.
– Lastly, David Manthey from Baird maintained an Outperform rating and increased the price target from $60 to $66 on December 4, 2024, with a commendable accuracy rate of 76%.
If you are considering purchasing CNM stock, it may be insightful to review analysts’ perspectives on the company. For more information on this topic, consider delving into how to earn $500 a month from KB Home Stock ahead of Q1 earnings. Stay informed about stock market movements and trading insights by accessing real-time updates on top stock movers and trading ideas through the Benzinga India Telegram channel.