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Here's Why Core & Main (CNM) Gained But Lagged the Market Today
Core & MainCore & Main(US:CNM) ZACKSยท2025-04-23 23:21

Company Performance - Core & Main's stock closed at $50.43, reflecting a +1.49% change from the previous session, underperforming compared to the S&P 500's gain of 1.67% [1] - Over the past month, Core & Main's stock has increased by 0.34%, outperforming the Industrial Products sector's decline of 8.85% and the S&P 500's decline of 6.57% [1] Earnings Forecast - Core & Main is projected to report earnings of $0.52 per share, indicating a year-over-year growth of 6.12% [2] - The Zacks Consensus Estimate for revenue is $1.83 billion, representing a 5.25% increase from the previous year [2] - For the entire year, earnings are forecasted at $2.43 per share and revenue at $7.71 billion, reflecting changes of +14.08% and +3.66% respectively compared to the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Core & Main are important as they reflect the shifting dynamics of short-term business patterns [4] - Upbeat changes in estimates suggest a favorable outlook on the company's business health and profitability [4] Valuation Metrics - Core & Main has a Forward P/E ratio of 20.45, which is a premium compared to the industry's average Forward P/E of 16.8 [6] - The company has a PEG ratio of 1.88, compared to the Manufacturing - Tools & Related Products industry's average PEG ratio of 1.28 [7] Industry Ranking - The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector and holds a Zacks Industry Rank of 91, placing it in the top 37% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]