Core & Main (CNM) closed at $47.10, down 0.93% from the previous session, while the S&P 500 gained 0.57%. The Dow rose 0.28% and the Nasdaq saw a 0.63% increase. CNM shares gained 5.08% in the last month, outperforming the S&P 500 and Industrial Products sector.

Analysts are anticipating Core & Main’s earnings report on December 3, 2024, with an expected EPS of $0.65 and revenue of $2 billion, up 9.51% from last year. Full-year estimates predict earnings of $2.10 per share and revenue of $7.32 billion, reflecting changes from the previous year.

Investors should pay attention to analyst estimate revisions for Core & Main, as these changes impact short-term share price momentum. The Zacks Rank system rates CNM as #3 (Hold) and historically delivers an annual return of +25% for top-ranked stocks since 1988.

Core & Main currently trades with a Forward P/E ratio of 22.67, slightly higher than the industry average of 22.48. The company’s PEG ratio of 3.09 suggests it is trading at a premium compared to its expected earnings growth trajectory.

The Manufacturing – Tools & Related Products industry, to which CNM belongs, has a Zacks Industry Rank of 205, placing it in the bottom 19% of all industries. Top-rated industries tend to outperform lower-ranked industries by a 2 to 1 ratio, showcasing the importance of industry ranking metrics.

Read more at Nasdaq: Core & Main (CNM) Stock Sinks As Market Gains: What You Should Know