Core & Main: Anticipating Another Strong Earnings Report

☀️Core & Main, the leading distributor of water, sewer, and fire protection products in the United States, is set to release its Q1 earnings results on June 6th, 2023, at 8:30 AM EST. The company has been on an upward trajectory over the past year, surpassing several key milestones, and investors are eagerly waiting to see how well it has performed in the latest quarter.

As we approach the earnings call, let’s delve deeper into Core & Main‘s financials and market performance to get a better understanding of what we can expect.

Fundamental Analysis: A Look at Core & Main‘s Financials

Over the past year, Core & Main has demonstrated steady growth in both net income and total revenue. In the last reported quarter (Q4 2023), the company posted a net income of $54 million and total revenue of $1374 million, beating analyst estimates.

The Q4 earnings report also showed diluted earnings per share (EPS) of $0.31, which was an improvement from the same period last year. Over the last three quarters, Core & Main‘s diluted EPS has been steadily increasing, a positive sign for investors.

Looking at Core & Main‘s financials in Q1 2022, it posted a net income of $86 million and total revenue of $1598 million, with a diluted EPS of $0.50. It will be interesting to see if the company can maintain or improve on these numbers in the latest quarter.

Technical Analysis: A Positive Market Performance

Core & Main‘s past three-month price performance has shown an upward trend, with its share price increasing by 14.9% since March 1st, 2023. Furthermore, the share price has increased by 4.0% over the past month alone.

In the last five days, Core & Main‘s share price has seen a slight dip of 0.7%, with the low and high prices being $26.4 and $27.6, respectively. However, compared to a year ago, when the share price was hovering around $20.3, the current price of $27.2 shows a significant increase.

Historical Guidance: Consistent Earnings Beat

Core & Main has a history of beating analyst estimates, with the company surpassing earnings expectations in the last four quarters. With MorningStar’s consensus estimates showing an adjusted EPS estimate of $0.51 for Q1, we may see the company continue its earnings beat streak.

Analysts Estimates: Positive Sentiment Surrounding Upcoming Earnings Call

Recent news sentiment about Core & Main‘s upcoming earnings call is mainly positive, with several analysts expecting another strong quarter for the company. This positive sentiment can be attributed to the consistent growth the company has shown over the past year, as well as its unique position in the market.

Conclusion: Anticipation for Core & Main‘s Earnings Call

With a solid financial track record, positive market performance and sentiment, as well as a history of beating analyst estimates, investors are eager to see what Core & Main‘s Q1 earnings report will reveal.

As we approach the earnings call on June 6th, 2023, at 8:30 AM EST, investors should keep an eye out for any updates on the company’s growth trajectory, new developments in its products and services, and any other factors that may affect its future performance.

Overall, Core & Main‘s recent success and promising future make it an exciting company to watch in the industry, and its upcoming earnings call is not one to be missed.