Surging Earnings Estimates Signal Upside for Core & Main (CNM) Stock

Core Viewpoint - Core & Main (CNM) is positioned as a strong investment opportunity due to a significant revision in the company's earnings estimates, indicating a positive earnings outlook that may continue to drive stock gains [1][9] Earnings Estimates - Analysts are increasingly optimistic about the earnings prospects for Core & Main, leading to higher earnings estimates that are expected to positively impact the stock price [2] - For the current quarter, the earnings estimate is projected at $0.48 per share, reflecting a 45.5% increase from the previous year's reported figure, with a 40.82% rise in consensus estimates over the last 30 days [5] - The full-year earnings estimate is expected to be $2.94 per share, representing a 38.0% increase from the prior year, with a 27.49% increase in consensus estimates during the same timeframe [6][7] Zacks Rank - Core & Main has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable indicator of potential stock performance [8] - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging a 25% annual return since 2008, suggesting that Core & Main could outperform the market [3][8] Stock Performance - The stock has gained 6.3% over the past four weeks, driven by solid estimate revisions, indicating strong investor interest and potential for further growth [9]