Company Performance - Core & Main (CNM) closed at $53.71, reflecting a +1.59% change from the previous day, outperforming the S&P 500's loss of 0.32% [1] - Over the past month, CNM shares have decreased by 1.23%, underperforming the Business Services sector's gain of 0.64% and the S&P 500's gain of 1.52% [1] Upcoming Earnings - The upcoming earnings report for Core & Main is scheduled for September 4, 2024, with projected earnings per share (EPS) of $0.73, indicating a 10.61% increase from the same quarter last year [2] - Revenue is expected to reach $2.03 billion, representing a 9.04% increase from the prior-year quarter [2] Full Year Estimates - For the full year, analysts expect earnings of $2.32 per share and revenue of $7.47 billion, reflecting changes of +7.91% and +11.42% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Core & Main are important as they indicate shifts in near-term business trends, with upward revisions suggesting positive sentiment towards the company's operations [4] Zacks Rank and Valuation - Core & Main currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [6] - The company has a Forward P/E ratio of 22.76, which is a discount compared to the industry's average Forward P/E of 30.35 [7] PEG Ratio - Core & Main has a PEG ratio of 2, which is lower than the Waste Removal Services industry's average PEG ratio of 2.67 [8] Industry Ranking - The Waste Removal Services industry, part of the Business Services sector, has a Zacks Industry Rank of 102, placing it in the top 41% of over 250 industries [9]

In the latest trading session, Core & Main (CNM) closed at $50.55, marking a -0.69% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.2%. On the other hand, the Dow registered a loss of 0.15%, and the technology-centric Nasdaq decreased by 0.34%. Shares of the distributor of water and fire protection products witnessed a loss of 2.32% over the previous month, trailing the performance of the Business Services sector with its gain of 0.88% and the S&P 500's gain of 1 ...

Core & Main (CNM) closed the latest trading day at $47.53, indicating a -0.65% change from the previous session's end. The stock fell short of the S&P 500, which registered a gain of 1.04% for the day. Meanwhile, the Dow experienced a rise of 0.76%, and the technology-dominated Nasdaq saw an increase of 1.03%. Prior to today's trading, shares of the distributor of water and fire protection products had lost 3.8% over the past month. This has was narrower than the Business Services sector's loss of 5.54% and ...

Investors will be eagerly watching for the performance of Core & Main in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.73, signifying a 10.61% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.03 billion, up 9.04% from the prior-year quarter. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, wi ...

Core & Main (CNM) closed the latest trading day at $51.22, indicating a +0.75% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.55%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.63%. The distributor of water and fire protection products's shares have seen a decrease of 0.41% over the last month, not keeping up with the Business Services sector's gain of 0.56% and the S&P 500's gain of 4.28%. Investors will be eagerly ...

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Core & Main (CNM) . Brokerage Recommendation Trends for CNM This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven t ...

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. Do they really matter, though? Of the 11 recommendations that derive the current ABR, six are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 54.6% and 9.1% of all recommendations. This means that the interests of these institutions ...

The industrial stock sank amid mixed earnings results. Shares of industrial water and wastewater pipe and equipment maker Core & Main (CNM -14.46%) sank 16.7% on Tuesday, as of 2:12 p.m. EDT. The company reported earnings this morning, and while revenue came in ahead of expectations, the company's falling margins apparently left a bad taste in investors' mouths. Also, given that the stock was already up 39% on year heading into Tuesday, a mixed result wasn't enough to overcome expectations. Growth-by-acquis ...

Core & Main, Inc. (NYSE:CNM) Q1 2024 Earnings Conference Call June 4, 2024 8:30 AM ET Company Participants Robyn Bradbury - VP, Finance and IR Steve LeClair - Chairman and CEO Mark Witkowski - CFO Conference Call Participants Matthew Bouley - Barclays Nigel Coe - Wolfe Research Mike Dahl - RBC Capital Markets Asher Sohnen - Citigroup Kathryn Thompson - Thompson Research Group Joe Ritchie - Goldman Sachs Operator Good morning, everyone, and welcome to the Core & Main Q1 2024 Earnings Call. My name is Angela ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.92%. A quarter ago, it was expected that this distributor of water and fire protection products would post earnings of $0.34 per share when it actually produced earnings of $0.34, delivering no surprise. Over the la ...