Core & Main, Inc. (NYSE:CNM) Quarterly Earnings Preview

Core Insights - Core & Main, Inc. is a leading distributor in the water, wastewater, storm drainage, and fire protection products sector in the U.S. [1] - The company is expected to report quarterly earnings on September 9, 2025, with an estimated EPS of $0.77 and projected revenue of approximately $2.12 billion [1][2] Financial Performance - Analysts anticipate an increase in EPS to $0.77, up from $0.61 in the same period last year, and revenue growth from $1.96 billion to $2.12 billion [2] - Financial metrics indicate a P/E ratio of approximately 30.56, a price-to-sales ratio of about 1.67, and a debt-to-equity ratio of 1.45, suggesting a higher level of debt compared to equity [5][6] Recent Developments - The recent acquisition of Canada Waterworks is expected to positively impact future performance and aligns with the company's strategy to expand market presence [3][6] - Following the acquisition announcement, the company's shares increased by 2%, closing at $65.85, reflecting investor confidence [3] Analyst Ratings - JP Morgan's Stephen Tusa has maintained an Overweight rating on the stock and raised the price target from $56 to $64, despite challenges in market volumes [4] - Volume expectations for the latter half of 2025 remain subdued, but the overall market situation is not worse than anticipated [4]