Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks.
But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how infrastructure distributors stocks fared in Q4, starting with MRC Global (NYSE:MRC).
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the infrastructure distributors stocks, including DistributionNOW (NYSE:DNOW) and its peers.
Core & Main reported Q4 earnings below estimates despite a 17.9% sales rise. Leadership changes announced as FY25 sales outlook lags consensus projections.
Water and fire protection solutions company Core & Main (NYSE:CNM) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 17.9% year on year to $1.70 billion. On the other hand, the company’s full-year revenue guidance of $7.7 billion at the midpoint came in 1% below analysts’ estimates. Its GAAP profit of $0.33 per share was 12.2% below analysts’ consensus estimates.
Water and fire protection solutions company Core & Main (NYSE:CNM)
will be announcing earnings results tomorrow before market hours. Here’s what investors should know.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy,
and the industry is currently lagging as its six-month return of 4.5% has trailed the S&P 500’s 9% gain.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Watsco (NYSE:WSO) and the best and worst performers in the infrastructure distributors industry.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the infrastructure distributors industry, including Core & Main (NYSE:CNM) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the infrastructure distributors industry, including DistributionNOW (NYSE:DNOW) and its peers.
Since July 2024, Core & Main has been in a holding pattern, posting a small return of 3.5% while floating around $51.18. This is close to the S&P 500’s 4.8% gain during that period.
Looking back on infrastructure distributors stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including MRC Global (NYSE:MRC) and its peers.
Shares of water and fire protection solutions company Core & Main (NYSE:CNM)
jumped 15.4% in the afternoon session after the company reported impressive third-quarter financial results. Core & Main exceeded analysts' revenue and EBITDA expectations. In addition, full-year revenue guidance was raised, and full-year EBITDA guidance came in ahead of expectations, which is a sign of a healthy business. Overall, we think this was a strong quarter.
Water and fire protection solutions company Core & Main (NYSE:CNM) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 11.5% year on year to $2.04 billion. The company’s full-year revenue guidance of $7.4 billion at the midpoint came in 0.9% above analysts’ estimates. Its GAAP profit of $0.69 per share was in line with analysts’ consensus estimates.
