Core & Main (CNM) ended the most recent trading day at $51.22, marking a +0.75% change from the previous day’s close. The stock outperformed the S&P 500, which posted a 0.55% gain on the day. At the same time, the Dow gained 0.62%, and the tech-heavy Nasdaq added 0.63%.
Shares of the distributor of flood and fire protection products have lost 0.41% over the past month, lagging behind the Business Services sector’s gain of 0.56% and the S&P 500’s gain of 4.28%.
Investors will be keen to watch Core & Main’s performance in its upcoming earnings disclosure, as the company is expected to report EPS of $0.73, representing a 10.61% increase over the prior-year quarter, while the latest consensus estimate is calling for revenue of $2.03 billion, representing a 9.04% increase over the prior-year quarter.
Looking at the full fiscal year, our Zacks Consensus Estimates are projecting earnings of $2.32 per share and revenue of $7.47 billion, which would represent changes of +7.91% and +11.42%, respectively, from the prior year.
Investors should also pay attention to the latest changes to analyst forecasts for Core & Main. These revisions help show that short-term business trends are constantly changing. Therefore, positive changes in forecasts mean that analysts are optimistic about the company’s business and profitability.
Our research has shown that these estimate changes are directly correlated to near-term stock price movements.To take advantage of this, we have created the Zacks Rank, a quantitative model which incorporates these estimate changes and presents an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable, third-party-audited, track record of outperformance, with #1 rated stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.81% lower within the past month. Core & Main currently has a Zacks Rank #5 (Strong Sell).
Turning to valuation, Core & Main has a Forward P/E ratio of 21.88. In comparison, its industry has an average Forward P/E of 27.97, which means Core & Main is trading at a discount to the group.
It’s also worth mentioning that CNM has a PEG ratio of 1.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account a company’s expected earnings growth rate. The average PEG ratio for the Waste Management Services industry was 2.66 as of yesterday’s close.
The Waste Disposal Services industry is part of the Business Services sector. This industry is currently ranked #78 in the Zacks Industry Rank, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups, and our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to track all of these stock-moving metrics and more by utilizing Zacks.com during the coming trading sessions.
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Core & Main, Inc. (CNM) : Free Stock Analysis Report
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