Water and fire protection solutions company Core & Main (NYSE: CNM) will be announcing earnings results this Tuesday before the bell. Here’s what to expect.
Core & Main met analysts’ revenue expectations last quarter, reporting revenues of $2.06 billion, up 1.2% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates but full-year revenue guidance meeting analysts’ expectations.
Is Core & Main a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Core & Main’s revenue to decline 6.3% year on year, a reversal from the 17.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Core & Main has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Core & Main’s peers in the industrial distributors segment, some have already reported their Q4 results, giving us a hint as to what we can expect. DNOW delivered year-on-year revenue growth of 68%, missing analysts’ expectations by 2.7%, and Watsco reported a revenue decline of 10%, falling short of estimates by 1.9%. DNOW traded down 27.6% following the results while Watsco’s stock price was unchanged.
Read our full analysis of DNOW’s results here and Watsco’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the industrial distributors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 11.4% on average over the last month. Core & Main is down 12% during the same time and is heading into earnings with an average analyst price target of $60.94 (compared to the current share price of $48.06).
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