Core & Main (CNM) Q4 Earnings Lag Estimates

Core Earnings Performance - Core & Main reported quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of$0.36 per share, and showing a slight decrease from $0.34 per share a year ago, resulting in an earnings surprise of -8.33$1.7 billion for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 1.07%, compared to year-ago revenues of 1.44 billion [2] Stock Performance and Outlook - Core & Main shares have declined approximately 2.5% since the beginning of the year, while the S&P 500 has seen a decline of -1.9% [3] - The company's earnings outlook is mixed, with current consensus EPS estimates at 0.51 for the coming quarter and $2.40 for the current fiscal year, with revenues expected to be$1.82 billion and $7.67 billion respectively [7] Industry Context - The Manufacturing - Tools & Related Products industry, to which Core & Main belongs, is currently ranked in the top 32% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The correlation between near-term stock movements and trends in earnings estimate revisions is noted, suggesting that investors should monitor these revisions closely [5]