Equity Profile

CNM

Core & Main, Inc.

IndustrialsTrading Companies & Distributors$8.6B

Jun10Wed

Pre-Earnings Brief

UpcomingQ1-2026Pre-Market9:00 AM EDT

Company Snapshot

Core & Main, Inc. is a leading distributor of waterworks and plumbing products, serving various sectors including municipal, industrial, and commercial markets....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

$0.57

Revenue

Revenue figures provide insight into the company's sales performance and market demand.

$1.9B

Wall Street expectations, options signals, track record, and call prep available with Pro.

CNM Q1-2026 Earnings Preview

Context

Company Snapshot

Core & Main, Inc. is a leading distributor of waterworks and plumbing products, serving various sectors including municipal, industrial, and commercial markets. As part of the industrials sector, the company plays a crucial role in infrastructure development and maintenance, which is essential for economic growth.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+3.98%

Avg Stock Reaction

-4.48%

Last Quarter Recap

In Q4 2025, Core & Main reported an EPS of $0.52, exceeding expectations by 13%. The stock reacted positively, gaining 4.48% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are generally optimistic about Core & Main's upcoming earnings, expecting the company to meet or slightly exceed EPS and revenue targets.

Bull Case

If Core & Main can leverage strong demand in the infrastructure sector, it may report higher-than-expected earnings, leading to a positive stock reaction.

Bear Case

Conversely, if the company faces supply chain issues or lower demand, it could miss expectations, resulting in a negative impact on the stock.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.57

EPS is a key indicator of the company's profitability and is closely watched by investors.

Revenue

$1.9B

Revenue figures provide insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $0.57?

A beat on EPS could indicate strong operational performance and boost investor confidence.

What is the outlook for revenue growth given current market conditions?

Understanding revenue growth will help gauge demand in the infrastructure sector and the company's market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Core & Main's ability to capitalize on increased infrastructure spending, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

The company's recent EPS surprises indicate a trend of exceeding expectations.

Options pricing suggests a significant move, which may not align with the cautious sentiment reflected in consensus estimates.

Key Risk

If revenue growth exceeds $1.9B, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the company's ability to meet or exceed earnings expectations amidst fluctuating market conditions.

Bull Confirmed If

An EPS of $0.60 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $0.52 would raise concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±8.84%

Historical Avg

±10.0%

In line with history

The options market is pricing in a significant move around the earnings report, suggesting that investors are anticipating volatility.

Options are pricing ±8.8% while CNM has averaged ±10.0% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.7%

30d HV

32.4%

Calls (3K)P/C Ratio: 0.16Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 5 of 24 (21%)

This setup has occurred 30 times across Industrials in the last 2 years. 19 of 24 (79%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.6%, with a raw directional average of +1.6% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Core & Main beats expectations, history suggests a potential stock increase of around 1.6%, confirming the bullish outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss on earnings could lead to a decline of approximately 10.17%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain stability and its impact on operations.
2Insights into customer demand trends in the infrastructure sector.
3Management's commentary on pricing strategies and cost management.
4Guidance on future revenue expectations and market conditions.
5Details on any new contracts or projects that could drive growth.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Jun8

CPBBMO

The Campbell's Company

PreviewView

Jun8

MTNAMC

Company Snapshot

Core & Main, Inc. is a leading distributor of waterworks and plumbing products, serving various sectors including municipal, industrial, and commercial markets....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and is closely watched by investors.

$0.57

Revenue

Revenue figures provide insight into the company's sales performance and market demand.

$1.9B

Wall Street expectations, options signals, track record, and call prep available with Pro.

CNM Q1-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+3.98%

Avg Stock Reaction

-4.48%

Last Quarter Recap

In Q4 2025, Core & Main reported an EPS of $0.52, exceeding expectations by 13%. The stock reacted positively, gaining 4.48% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are generally optimistic about Core & Main's upcoming earnings, expecting the company to meet or slightly exceed EPS and revenue targets.

Bull Case

If Core & Main can leverage strong demand in the infrastructure sector, it may report higher-than-expected earnings, leading to a positive stock reaction.

Bear Case

Conversely, if the company faces supply chain issues or lower demand, it could miss expectations, resulting in a negative impact on the stock.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.57

EPS is a key indicator of the company's profitability and is closely watched by investors.

Revenue

$1.9B

Revenue figures provide insight into the company's sales performance and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $0.57?

A beat on EPS could indicate strong operational performance and boost investor confidence.

What is the outlook for revenue growth given current market conditions?

Understanding revenue growth will help gauge demand in the infrastructure sector and the company's market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Core & Main's ability to capitalize on increased infrastructure spending, which could lead to stronger-than-expected revenue growth.

Supporting Evidence

The company's recent EPS surprises indicate a trend of exceeding expectations.

Options pricing suggests a significant move, which may not align with the cautious sentiment reflected in consensus estimates.

Key Risk

If revenue growth exceeds $1.9B, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on the company's ability to meet or exceed earnings expectations amidst fluctuating market conditions.

Bull Confirmed If

An EPS of $0.60 or higher would confirm strong demand and operational efficiency.

Bear Confirmed If

An EPS below $0.52 would raise concerns about profitability and market conditions.

Pre-Earnings Positioning

Options Market

Implied Move

±8.84%

Historical Avg

±10.0%

In line with history

The options market is pricing in a significant move around the earnings report, suggesting that investors are anticipating volatility.

Options are pricing ±8.8% while CNM has averaged ±10.0% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.7%

30d HV

32.4%

Calls (3K)P/C Ratio: 0.16Puts (2K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 5 of 24 (21%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Core & Main beats expectations, history suggests a potential stock increase of around 1.6%, confirming the bullish outlook.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss on earnings could lead to a decline of approximately 10.17%, reflecting investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on supply chain stability and its impact on operations.
2Insights into customer demand trends in the infrastructure sector.
3Management's commentary on pricing strategies and cost management.
4Guidance on future revenue expectations and market conditions.
5Details on any new contracts or projects that could drive growth.