Core & Main (CNM) Stock Moves -1.24%: What You Should Know

In the latest close session, Core & Main (CNM) was down 1.24% at $47.68. This move was narrower than the S&P 500's daily loss of 1.36%. Elsewhere, the Dow lost 1.64%, while the tech-heavy Nasdaq lost 1.46%.

Shares of the distributor of water and fire protection products have depreciated by 15.74% over the course of the past month, underperforming the Industrial Products sector's loss of 8.71%, and the S&P 500's loss of 1.76%.

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 March 24, 2026. On that day, Core & Main is projected to report earnings of $0.48 per share, which would represent year-over-year growth of 45.45%. Our most recent consensus estimate is calling for quarterly revenue of $1.59 billion, down 6.29% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.93 per share and a revenue of $7.66 billion, signifying shifts of +37.56% and +2.9%, respectively, from the last year.

It is also important to note the 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.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Core & Main is carrying a Zacks Rank of #3 (Hold).

In terms of valuation, Core & Main is currently trading at a Forward P/E ratio of 15.33. This represents a discount compared to its industry average Forward P/E of 17.63.

Meanwhile, CNM's PEG ratio is currently 1.86. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Manufacturing - Tools & Related Products industry had an average PEG ratio of 1.58 as trading concluded yesterday.

The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 74, placing it within the top 31% of over 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. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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