Core & MainNYSE: CNM

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.

Core & Main beat revenue expectations but missed on its bottom line. The construction-equipment stock for water and wastewater handling is seeing lower margins as pricing normalizes.

Core & Main (CNM) came out with quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.50 per share a year ago.

Core & Main's (CNM) earnings are expected to have declined in fiscal 2024 first-quarter. However, revenues are likely to have increased.

Zacks.com users have recently been watching Core & Main (CNM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

ST. LOUIS--(BUSINESS WIRE)--Core & Main to Announce Fiscal 2024 First Quarter Results.

In the most recent trading session, Core & Main (CNM) closed at $60.82, indicating a +1.11% shift from the previous trading day.

Core & Main (CNM) ended the most recent trading session at $57.04, showing a 1.01% increase from the day before.

When making decisions about purchasing, selling, or holding a stock, investors frequently consider recommendations from analysts. Reports in the media about rating adjustments from these analysts, who are employed by brokerage firms, can impact a stock's price, but their significance is questionable.