Core & Main to Release Q1 Earnings on June 10
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Newsfilter
- Earnings Release Announcement: Core & Main is set to release its Q1 earnings on June 10, with analysts projecting earnings per share (EPS) of 57 cents, an increase from 53 cents last year, indicating ongoing improvement in the company's profitability.
- Rising Earnings Expectations: The anticipated EPS growth reflects the company's strong performance in the infrastructure and water management sectors, which may further drive stock price appreciation as demand continues to rise.
- Stock Price Reaction: Ahead of the earnings release, Core & Main's stock rose by 0.9% on Tuesday, suggesting that investors are optimistic about the upcoming report, potentially boosting market confidence.
- Positive Market Outlook: With increasing investments in infrastructure, Core & Main's business outlook is generally viewed favorably, and analysts express optimism about its future growth potential, which may attract more investor interest.
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Analyst Views on CNM
Wall Street analysts forecast CNM stock price to rise
9 Analyst Rating
6 Buy
2 Hold
1 Sell
Moderate Buy
Current: 52.180
Low
40.00
Averages
58.88
High
65.00
Current: 52.180
Low
40.00
Averages
58.88
High
65.00
About CNM
Core & Main, Inc. specializes in advancing reliable infrastructure with local service, nationwide. The Company, as a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. With more than 370 locations across the United States, the Company provides its customers with local expertise backed by a national supply chain. The Company also has operations in Canada. The Company's products include pipes, valves, fittings, storm drainage products, fire protection products, meter products and other products. The Company complements its core products through additional offerings, including fusible high-density polyethylene (fusible HDPE) piping solutions, specifically engineered treatment plant products, geosynthetics and erosion control products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Core & Main to Announce Q1 Earnings on June 10
- Earnings Announcement Schedule: Core & Main is set to release its Q1 2023 earnings report on June 10 after market close, with a consensus EPS estimate of $0.57, reflecting a 9.6% year-over-year growth, indicating stable profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $1.89 billion, representing a 1.1% year-over-year decline, which reflects a cautious market sentiment regarding the company's sales growth and may impact investor confidence.
- Historical Performance Review: Over the past two years, Core & Main has beaten EPS estimates 50% of the time and revenue estimates 50% of the time, showcasing the volatility in its performance and the uncertainty in the market.
- Estimate Revision Dynamics: In the last three months, there have been no upward revisions to EPS estimates and three downward revisions, while revenue estimates saw one upward revision and eight downward revisions, indicating a conservative outlook from analysts regarding the company's future performance.
See More
Core & Main to Release Q1 Earnings on June 10
- Earnings Release Announcement: Core & Main is set to release its Q1 earnings on June 10, with analysts projecting earnings per share (EPS) of 57 cents, an increase from 53 cents last year, indicating ongoing improvement in the company's profitability.
- Rising Earnings Expectations: The anticipated EPS growth reflects the company's strong performance in the infrastructure and water management sectors, which may further drive stock price appreciation as demand continues to rise.
- Stock Price Reaction: Ahead of the earnings release, Core & Main's stock rose by 0.9% on Tuesday, suggesting that investors are optimistic about the upcoming report, potentially boosting market confidence.
- Positive Market Outlook: With increasing investments in infrastructure, Core & Main's business outlook is generally viewed favorably, and analysts express optimism about its future growth potential, which may attract more investor interest.
See More
Apple's Worldwide Developers Conference Set to Unveil New AI Features
- Apple Conference Highlights: Apple's Worldwide Developers Conference is set to unveil a new conversational Siri assistant powered by Google's Gemini AI model, which is expected to enhance user experience and solidify its leadership in the smart assistant market.
- Strong Stock Performance: Since the end of March, Apple's stock has surged over 20%, gaining an additional 12.5% after reporting near-perfect earnings on April 30, closing at a record high of $315 on Tuesday, leading to high investor expectations for the upcoming product announcements.
- Honeywell's Outlook Update: Honeywell will host a 2026 guidance update on Monday, projecting its technology division to achieve at least $6.5 billion in adjusted EBIT by 2030 after spinning off its aerospace business, indicating significant future growth potential.
- Market Data Focus: The Consumer Price Index (CPI) set to be released this week is expected to show a 4.3% annual increase and a 2.9% rise in core CPI, with market expectations for future interest rate changes heavily influenced by these figures, particularly amid fluctuating energy prices.
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- Successful IPO Pricing: Applied Aerospace & Defense (AADX) successfully prices its IPO at $20 per share, raising $650 million, which is expected to enhance its market position in the aerospace and defense sector.
- Cybersecurity Collaboration: Intercontinental Exchange (ICE) joins Anthropic's cybersecurity initiative, Project Glasswing, indicating a strategic investment in enhancing exchange security, which may bolster investor confidence.
- Market Record Breakthrough: The S&P 500 index closes above 7,600 for the first time, reflecting strong market performance that could attract more investors and further drive market growth.
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Core & Main Announces Board Changes
- Board Member Changes: Core & Main announced that M. Susan Hardwick will join the board and the talent and compensation committee effective April 1, 2026, bringing extensive leadership experience from her tenure as CEO of American Water Works, which is expected to enhance the company's strategic growth.
- Executive Retirement and New Appointments: Stephen LeClair retired from his roles as executive chair and chair of the board, with James Castellano appointed as the new chair, while James Hope and Robert Buck took on key roles in the audit committee, reflecting ongoing governance improvements within the company.
- Independent Director Addition: Hardwick becomes the ninth independent director on Core & Main's ten-member board, enhancing the board's diversity and expertise, which will aid in executing the company's strategic priorities in the water utility sector.
- Leadership Appreciation and Future Outlook: The board expressed gratitude for LeClair's years of service, highlighting his pivotal role since the company's independence, and anticipates that Hardwick's insights will provide new perspectives and growth opportunities moving forward.
See More
CORE & MAIN INC NAMES JAMES CASTELLANO AS BOARD CHAIRMAN
- New Appointment: James Castellano has been appointed as the Chair of the Board at CORE & MAIN INC.
- Leadership Transition: This appointment signifies a leadership change within the company, potentially impacting its strategic direction.
See More
Core & Main to Announce Q1 Earnings on June 10
- Earnings Announcement Schedule: Core & Main is set to release its Q1 2023 earnings report on June 10 after market close, with a consensus EPS estimate of $0.57, reflecting a 9.6% year-over-year growth, indicating stable profitability.
- Revenue Expectations: The anticipated revenue for Q1 is $1.89 billion, representing a 1.1% year-over-year decline, which reflects a cautious market sentiment regarding the company's sales growth and may impact investor confidence.
- Historical Performance Review: Over the past two years, Core & Main has beaten EPS estimates 50% of the time and revenue estimates 50% of the time, showcasing the volatility in its performance and the uncertainty in the market.
- Estimate Revision Dynamics: In the last three months, there have been no upward revisions to EPS estimates and three downward revisions, while revenue estimates saw one upward revision and eight downward revisions, indicating a conservative outlook from analysts regarding the company's future performance.
See More
Core & Main to Release Q1 Earnings on June 10
- Earnings Release Announcement: Core & Main is set to release its Q1 earnings on June 10, with analysts projecting earnings per share (EPS) of 57 cents, an increase from 53 cents last year, indicating ongoing improvement in the company's profitability.
- Rising Earnings Expectations: The anticipated EPS growth reflects the company's strong performance in the infrastructure and water management sectors, which may further drive stock price appreciation as demand continues to rise.
- Stock Price Reaction: Ahead of the earnings release, Core & Main's stock rose by 0.9% on Tuesday, suggesting that investors are optimistic about the upcoming report, potentially boosting market confidence.
- Positive Market Outlook: With increasing investments in infrastructure, Core & Main's business outlook is generally viewed favorably, and analysts express optimism about its future growth potential, which may attract more investor interest.
See More
Apple's Worldwide Developers Conference Set to Unveil New AI Features
- Apple Conference Highlights: Apple's Worldwide Developers Conference is set to unveil a new conversational Siri assistant powered by Google's Gemini AI model, which is expected to enhance user experience and solidify its leadership in the smart assistant market.
- Strong Stock Performance: Since the end of March, Apple's stock has surged over 20%, gaining an additional 12.5% after reporting near-perfect earnings on April 30, closing at a record high of $315 on Tuesday, leading to high investor expectations for the upcoming product announcements.
- Honeywell's Outlook Update: Honeywell will host a 2026 guidance update on Monday, projecting its technology division to achieve at least $6.5 billion in adjusted EBIT by 2030 after spinning off its aerospace business, indicating significant future growth potential.
- Market Data Focus: The Consumer Price Index (CPI) set to be released this week is expected to show a 4.3% annual increase and a 2.9% rise in core CPI, with market expectations for future interest rate changes heavily influenced by these figures, particularly amid fluctuating energy prices.
See More
NYSE Daily Pre-Market Update Highlights Key Events
- Successful IPO Pricing: Applied Aerospace & Defense (AADX) successfully prices its IPO at $20 per share, raising $650 million, which is expected to enhance its market position in the aerospace and defense sector.
- Cybersecurity Collaboration: Intercontinental Exchange (ICE) joins Anthropic's cybersecurity initiative, Project Glasswing, indicating a strategic investment in enhancing exchange security, which may bolster investor confidence.
- Market Record Breakthrough: The S&P 500 index closes above 7,600 for the first time, reflecting strong market performance that could attract more investors and further drive market growth.
- New Partnership Announcement: Checkout.com reveals stablecoin settlement capabilities through a partnership with Fireblocks, marking an innovative advancement in fintech that could provide new revenue streams and enhance market competitiveness.
See More
Core & Main Announces Board Changes
- Board Member Changes: Core & Main announced that M. Susan Hardwick will join the board and the talent and compensation committee effective April 1, 2026, bringing extensive leadership experience from her tenure as CEO of American Water Works, which is expected to enhance the company's strategic growth.
- Executive Retirement and New Appointments: Stephen LeClair retired from his roles as executive chair and chair of the board, with James Castellano appointed as the new chair, while James Hope and Robert Buck took on key roles in the audit committee, reflecting ongoing governance improvements within the company.
- Independent Director Addition: Hardwick becomes the ninth independent director on Core & Main's ten-member board, enhancing the board's diversity and expertise, which will aid in executing the company's strategic priorities in the water utility sector.
- Leadership Appreciation and Future Outlook: The board expressed gratitude for LeClair's years of service, highlighting his pivotal role since the company's independence, and anticipates that Hardwick's insights will provide new perspectives and growth opportunities moving forward.
See More
CORE & MAIN INC NAMES JAMES CASTELLANO AS BOARD CHAIRMAN
- New Appointment: James Castellano has been appointed as the Chair of the Board at CORE & MAIN INC.
- Leadership Transition: This appointment signifies a leadership change within the company, potentially impacting its strategic direction.
See More
