Core & Main (CNM) Q2 Earnings Surpass Estimates

Core Insights - Core & Main reported quarterly earnings of $0.87 per share, exceeding the Zacks Consensus Estimate of $0.77 per share, and showing an increase from $0.61 per share a year ago, resulting in an earnings surprise of +12.99% [1] - The company generated revenues of $2.09 billion for the quarter ended July 2025, which was 1.29% below the Zacks Consensus Estimate, but an increase from $1.96 billion year-over-year [2] - Core & Main's stock has increased approximately 30.8% since the beginning of the year, outperforming the S&P 500's gain of 10.4% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.81, with expected revenues of $2.12 billion, and for the current fiscal year, the EPS estimate is $2.46 on revenues of $7.78 billion [7] - The estimate revisions trend for Core & Main was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Manufacturing - Tools & Related Products industry, to which Core & Main belongs, is currently ranked in the bottom 8% of over 250 Zacks industries, suggesting potential challenges ahead [8]