Core & Main (CNM) ended the recent trading session at $50.48, demonstrating a +2.85% change from the preceding day's closing price. This change outpaced the S&P 500's 0.13% gain on the day. On the other hand, the Dow registered a gain of 0.45%, and the technology-centric Nasdaq increased by 0.03%.
Prior to today's trading, shares of the distributor of water and fire protection products had gained 1.28% outpaced the Industrial Products sector's loss of 3.12% and lagged the S&P 500's gain of 5.25%.
The investment community will be paying close attention to the earnings performance of Core & Main in its upcoming release. The company is slated to reveal its earnings on June 10, 2026. On that day, Core & Main is projected to report earnings of $0.7 per share, which would represent year-over-year growth of 34.62%. At the same time, our most recent consensus estimate is projecting a revenue of $1.9 billion, reflecting a 0.37% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.12 per share and a revenue of $7.89 billion, signifying shifts of +5.05% and +3.18%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Core & Main. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.49% increase. At present, Core & Main boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Core & Main has a Forward P/E ratio of 15.73 right now. This signifies a discount in comparison to the average Forward P/E of 16.56 for its industry.
Also, we should mention that CNM has a PEG ratio of 1.73. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Manufacturing - Tools & Related Products stocks are, on average, holding a PEG ratio of 1.36 based on yesterday's closing prices.
The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 169, this industry ranks in the bottom 31% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Core & Main, Inc. (CNM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).