Company Performance - Core & Main (CNM) closed at $48.27, reflecting a -0.49% change from the previous day, underperforming the S&P 500 which gained 0.08% [1] - Over the past month, CNM shares declined by 7.46%, worse than the Industrial Products sector's loss of 5.98% and the S&P 500's loss of 7.33% [2] Upcoming Earnings Report - Core & Main is set to release its earnings on March 25, 2025, with an expected EPS of $0.36, indicating a 5.88% growth year-over-year [3] - Revenue is projected to be $1.68 billion, representing a 16.67% increase compared to the same quarter last year [3] Analyst Projections - Recent shifts in analyst projections for Core & Main are important, as positive revisions indicate optimism regarding the company's business and profitability [4] - The Zacks Rank system, which reflects these estimate changes, currently rates Core & Main at 3 (Hold) [6] Valuation Metrics - Core & Main has a Forward P/E ratio of 20.18, which is higher than the industry's Forward P/E of 18.63 [7] - The company's PEG ratio stands at 2.41, compared to the Manufacturing - Tools & Related Products industry's average PEG ratio of 1.3 [7] Industry Context - The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector, holding a Zacks Industry Rank of 82, placing it in the top 33% of over 250 industries [8] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [8]

Company Overview - Core & Main (CNM) ended the recent trading session at $47.85, showing a +0.36% change from the previous day's closing price, which is less than the S&P 500's daily gain of 0.64% [1] - Over the past month, shares of Core & Main have depreciated by 12.21%, underperforming the Industrial Products sector's loss of 6.06% and the S&P 500's loss of 7.69% [2] Upcoming Earnings - The upcoming earnings release for Core & Main is scheduled for March 25, 2025, with an expected EPS of $0.36, indicating a 5.88% growth compared to the same quarter last year [3] - The consensus estimate forecasts revenue to be $1.68 billion, reflecting a 16.67% growth compared to the corresponding quarter of the prior year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Core & Main are important as they reflect short-term business trends, with positive changes indicating a favorable outlook on the company's health and profitability [4] - Empirical research shows that these estimate revisions correlate with impending stock price performance, allowing investors to capitalize on this through the Zacks Rank system [5] Zacks Rank and Valuation - Core & Main currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining steady over the past month [6] - The company's Forward P/E ratio is 19.84, which is a premium compared to the industry average Forward P/E of 18.4 [7] - Core & Main has a PEG ratio of 2.37, compared to the Manufacturing - Tools & Related Products industry's average PEG ratio of 1.28 [8] Industry Context - The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector and holds a Zacks Industry Rank of 81, placing it in the top 33% of over 250 industries [9]

Group 1 - Core & Main (CNM) closed at $47.53, reflecting a +0.23% change from the previous day, underperforming compared to the S&P 500's gain of 1.12% [1] - Over the past month, CNM shares experienced a loss of 13.21%, which is worse than the Industrial Products sector's loss of 7.88% and the S&P 500's loss of 4.13% [1] Group 2 - The upcoming earnings release for Core & Main is anticipated, with projected EPS of $0.36, indicating a 5.88% increase year-over-year, and expected quarterly revenue of $1.68 billion, up 16.67% from the previous year [2] - Recent analyst estimate revisions for Core & Main suggest positive short-term business trends, reflecting analysts' confidence in the company's performance [3] Group 3 - The Zacks Rank system, which evaluates estimate changes, currently ranks Core & Main at 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the past month [5] - Core & Main has a Forward P/E ratio of 19.73, which is higher than the industry average of 19.23 [6] Group 4 - The company has a PEG ratio of 2.36, compared to the Manufacturing - Tools & Related Products industry's average PEG ratio of 1.29 [7] - The Manufacturing - Tools & Related Products industry is ranked 88 in the Zacks Industry Rank, placing it in the top 36% of over 250 industries, indicating strong performance potential [8]

Group 1 - Core & Main, Inc. (NYSE: CNM) has strong growth prospects driven by aging infrastructure in municipal markets and solid demand in heavy non-residential sectors due to reshoring trends [1] - The residential and light non-residential markets are also expected to experience growth [1] - The focus is on GARP (Growth at Reasonable Price) opportunities within the industrial, consumer, and technology sectors [1]

The Zacks Manufacturing-Tools & Related Products industry is poised for growth on the back of robust demand for machinery tools in the industrial and automotive industries. Increased usage of electrical devices these days should drive demand for manufacturing tools in the power market. With rapid urbanization and the associated investments in product development and upgrades, the industry is poised for growth in the near term.Strength in end markets, along with the focus on expanding operations through stra ...

Core Viewpoint - Core & Main (CNM) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3] Earnings Estimates and Stock Price Movement - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements, particularly due to institutional investors adjusting their valuations based on these estimates [4][6] - For Core & Main, the rising earnings estimates and the rating upgrade suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][10] Earnings Estimate Revisions - For the fiscal year ending January 2025, Core & Main is expected to earn $2.16 per share, reflecting a 0.5% change from the previous year, with a 3.2% increase in the Zacks Consensus Estimate over the past three months [8][10] Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks which have averaged a +25% annual return since 1988 [7][9] - The upgrade of Core & Main to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10]

Core Insights - Core & Main (CNM) has reached a significant support level and crossed above the 200-day moving average, indicating a long-term bullish trend [1] - CNM shares have increased by 11.6% over the past four weeks, reflecting positive market momentum [2] - The company currently holds a Zacks Rank 3 (Hold), suggesting potential for continued growth [2] Earnings Estimates - There have been three upward revisions in earnings estimates for CNM for the current fiscal year, with no downward revisions, indicating positive sentiment among analysts [3] - The consensus earnings estimate for CNM has also increased, further supporting the bullish outlook [3] Technical Indicators - The 200-day simple moving average is a key technical indicator that helps establish long-term market trends and serves as a support or resistance level [2] - The recent price movements and technical indicators suggest that CNM may be positioned for further gains in the near future [3]

Group 1 - The individual investor focuses on managing personal capital accumulated over the years, utilizing a diverse range of investment strategies including fundamental, technical, and momentum investing [1] - The investor aims to leverage the strengths of various investment approaches to refine their investment process [1] - The purpose of writing on Seeking Alpha is to track the performance of investment ideas and connect with like-minded investors [1]

Group 1 - Core & Main (NYSE: CNM) experienced a significant positive impact on its shareholders on December 3rd, indicating strong market performance [1] - The company is involved in the distribution of a vast array of products, with hundreds of thousands of SKUs available [1] Group 2 - Crude Value Insights provides an investment service focused on the oil and natural gas sector, emphasizing cash flow and the potential for value and growth [1] - Subscribers to Crude Value Insights benefit from a model account featuring over 50 stocks, detailed cash flow analyses of exploration and production firms, and live discussions about the sector [2]

Key TakeawaysCore & Main exceeded third-quarter earnings and revenue forecasts and raised its outlook as it benefited from acquisitions.The provider of water and sewer infrastructure set records for quarterly revenue and adjusted EBITDA.CEO Steve LeClair said the company's five acquisitions during and after the quarter expanded its presence in important geographies, and helped it gain new product lines and key talent. Core & Main (CNM) shares soared 15% Tuesday as the company reported better-than-expected r ...