CNM Stock Recent News

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Rising earnings estimates are starting to magnify the attractive growth trajectories of these highly ranked business services stocks.

Core & Main (CNM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Does Core & Main (CNM) have what it takes to be a top stock pick for momentum investors? Let's find out.

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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Management is aiming for a combination of acquisition-led growth, market growth, and expansion in private-label products. A recovering housing market will help the company in the future.

Here is how Core & Main (CNM) and PagSeguro Digital Ltd. (PAGS) have performed compared to their sector so far this year.

Core & Main has experienced significant share price growth due to its previous revenue and earnings growth, margin improvement initiatives, acquisitions, and a tailwind. The company is a leading distributor specializing in water, wastewater, storm drainage, and fire protection products and services. I expect to see more growth and robust share prices over the next five years and beyond.

Core & Main (CNM) came out with quarterly earnings of $0.34 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.31 per share a year ago.