Core & Main (CNM) Stock Dips While Market Gains: Key Facts

Core & Main Performance - Core & Main's stock decreased by 1.64% to $44.90, underperforming the S&P 500's daily gain of 1.55% [1] - Over the past month, the stock has fallen by 16.44%, compared to a loss of 1.58% in the Industrial Products sector and 1.8% in the S&P 500 [1] Upcoming Earnings Expectations - Analysts expect Core & Main to report an EPS of $0.72, reflecting a 4.35% increase from the same quarter last year [2] - Revenue is anticipated to reach $2.08 billion, indicating a 2.03% rise compared to the previous year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at $2.24 per share, a 5.16% increase year-over-year, with revenue expected to be $7.67 billion, up 3.02% [3] - Recent changes in analyst estimates suggest a positive outlook for the company's business and profitability [3] Analyst Rating System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong historical performance, with 1 rated stocks delivering an average annual return of +25% since 1988 [5] - Core & Main currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Core & Main has a Forward P/E ratio of 20.35, which is higher than the industry average of 19.79 [6] - The company also has a PEG ratio of 1.79, aligning with the average PEG ratio of the Manufacturing - Tools & Related Products industry [6] Industry Context - The Manufacturing - Tools & Related Products industry ranks 25th in the Zacks Industry Rank, placing it in the top 11% of over 250 industries [7] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [7]