Core & Main (CNM) Ascends While Market Falls: Some Facts to Note

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]