Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

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

EditorAmbhini Aishwarya
Published 03/11/2023, 11:06
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect
US500
-
1YMZ24
-
IXIC
-
CNM
-

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.