Core & Main, a water and fire protection solutions company, will report its second-quarter earnings before the market opens on Wednesday. Analysts expect revenue to grow 2% year over year, a slowdown from the 6.6% increase recorded in the same quarter last year. The company beat revenue expectations last quarter with $1.91 billion in revenue, flat year on year, and also exceeded EBITDA estimates. However, Core & Main has missed Wall Street's revenue estimates multiple times over the past two years. In the industrial distributors segment, peers DNOW and Watsco have already reported, with DNOW beating expectations and Watsco falling short. Core & Main's stock is down 4.1% over the last month, trading at $44.32, below the average analyst price target of $59.43.
Core & Main IncEarnings preview with expected revenue growth slowdown and historical misses; stock below price target.
Watsco IncPeer Watsco reported falling short, providing context for Core & Main's upcoming results.
Now IncPeer DNOW reported beating expectations, providing context for Core & Main's upcoming results.
