Core & Main, Inc. CNM is a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CNM earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Core & Main could be a solid choice for investors
Current Quarter Estimates for CNM
In the past 30 days, two estimates have gone higher for Core & Main while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates moving from 12 cents per share 30 days ago, to 24 cents per share today, a move of 100%
Core & Main, Inc. Price and Consensus
Core & Main, Inc. price-consensus-chart | Core & Main, Inc. Quote
Current Year Estimates for CNM
Meanwhile, Core & Main’s current year figures are also looking quite promising, with three estimates moving higher in the past one month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, moving from 83 cents per share 30 days ago to $1.02 per share today, a move of 22.8%
The stock has also started to move higher lately, adding 14.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through November, the Zacks Top 10 Stocks gained an impressive +962.5% versus the S&P 500’s +329.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.
Be First To New Top 10 Stocks >>
Click to get this free report
Core & Main, Inc. (CNM): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.