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Core & Main sees modest trading day rise, outperforms sector with monthly growth

EditorAmbhini Aishwarya
Published 11/03/2023, 07:06 PM
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect
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Water and fire protection products distributor, Core & Main (CNM), ended a recent trading day at $31.19, marking a 0.1% increase from the prior session end. This growth trailed the S&P 500's gain of 1.89%, Dow's addition of 1.7%, and Nasdaq's increase of 1.78%.

Despite this, Core & Main's monthly stock performance demonstrated a notable 3.38% climb, surpassing the Business Services sector's loss of 3.08% and the S&P 500's dip of 1.14%.

Investors are closely watching Core & Main's financial results, where it is expected to report earnings of $0.66 per share, pointing to a year-over-year growth of 1.54%, and revenue of $1.88 billion, up by 3.39% from the same quarter last year.

Analyst consensus estimates for the full year suggest earnings of $2.03 per share and full year revenue of $6.68 billion. These figures represent changes of -4.69% and +0.51%, respectively, from last year's numbers.

In terms of valuation metrics, Core & Main trades at a Forward P/E ratio of 15.39, a discount compared to its industry's average Forward P/E of 22.32. The company also holds a PEG ratio of 1.48, which is favorable when compared to the Waste Removal Services industry's average PEG ratio of 2.74.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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