Core & Main (NYSE:CNM) will report earnings before market hours. Last quarter, the company beat revenue expectations by 3.5% with revenues of $1.91 billion, up 9.8% year on year. Analysts expect revenue to grow 7.6% to $2.11 billion this quarter with adjusted earnings at $0.79 per share. Peers DistributionNOW and MRC Global posted flat revenue, beating estimates by 2.6% and 1.7% respectively. Positive sentiment in the infrastructure distributors segment has driven share prices up 6.1% on average over the last month. Core & Main is up 5.1% with an average analyst price target of $65.79.
Read more at StockStory: What To Expect From Core & Main’s (CNM) Q2 Earnings
