How does CNM's Q1 2026 EPS forecast compare to past trends?

Core & Main's (NYSE: CNM) Q1 2026 EPS forecast is not currently available. However, we can analyze its Q1 2024 performance and compare it with the previous year to understand any trends. 1. **Q1 2024 Performance**: - Core & Main reported Q1 2024 EPS of $0.49, which is a decrease from the $0.50 reported in Q1 2023. - The company's revenue for the quarter was $1.74 billion, representing a 10.6% year-over-year increase, and beating the consensus estimate by $20 million. 2. **Comparison with Q1 2023**: - In Q1 2023, Core & Main had reported EPS of $0.50, which was slightly higher than the $0.49 recorded in Q1 2024. - However, Q1 2024 revenue growth of 10.6% is a notable increase from the 11% growth recorded in the full year 2025 compared to 2024. 3. **Trend Analysis**: - The EPS decline in Q1 2024, despite revenue growth, suggests that the company may be facing challenges in managing costs or that profit margins are under pressure. - The 10.6% revenue growth indicates strong demand for Core & Main's products, which is a positive sign for future sales potential. 4. **Future Outlook**: - Core & Main has updated its fiscal 2024 outlook, expecting net sales of $7.5 to $7.6 billion, which represents a significant increase from the previous year. - The company also anticipates Adjusted EBITDA to range from $935 to $975 million, suggesting a focus on profitability despite the EPS decline. In conclusion, while Core & Main has seen a slight decline in EPS in Q1 2024 compared to the previous year, revenue growth indicates strong demand. The company's updated fiscal 2024 outlook suggests confidence in continued sales growth, which could be a positive indicator for future EPS trends if cost management and profit margin challenges are addressed.