Core & Main(US:CNM) ZACKS·2024-10-09 23:20Group 1: Stock Performance - Core & Main (CNM) closed at $43.45, marking a +1.73% move from the prior day, outperforming the S&P 500's daily gain of 0.71% [1] - Over the past month, shares of Core & Main gained 12.04%, surpassing the Business Services sector's gain of 5.54% and the S&P 500's gain of 6.41% [1] Group 2: Financial Forecast - Core & Main is forecasted to report an EPS of $0.65, showing no change from the same quarter of the previous year, with a revenue estimate of $2 billion, indicating a 9.51% increase year-over-year [2] - For the entire fiscal year, earnings are projected at $2.10 per share and revenue at $7.32 billion, representing changes of -2.33% and +9.21% from the prior year, respectively [3] Group 3: Analyst Estimates and Rankings - Recent changes to analyst estimates for Core & Main reflect near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] - Core & Main currently holds a Zacks Rank of 5 (Strong Sell), with the Zacks Consensus EPS estimate remaining stagnant over the past month [5] Group 4: Valuation Metrics - Core & Main is trading at a Forward P/E ratio of 20.37, which is below the industry average of 27.17, indicating a discount compared to its peers [6] - The company has a PEG ratio of 2.78, which is comparable to the Waste Removal Services industry average of 2.83 [7] Group 5: Industry Context - The Waste Removal Services industry, part of the Business Services sector, currently holds a Zacks Industry Rank of 201, placing it in the bottom 21% of all industries [7] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8]