Equity Profile

CNM

Core & Main, Inc.

IndustrialsTrading Companies & Distributors$8.4B

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 construction and municipal markets....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing costs and generating profits.

0.57

Revenue

Revenue figures help gauge overall sales performance and market demand for Core & Main's products.

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 construction and municipal markets. As part of the industrials sector, the company plays a crucial role in infrastructure development, which is increasingly important as governments and businesses invest in upgrading aging systems.

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 the last quarter, Core & Main reported an EPS of $0.52, which was slightly above expectations. The stock reacted positively, gaining 4.48% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Core & Main to report solid earnings this quarter, with a consensus EPS of $0.57. Investors are particularly focused on revenue growth and cost management.

Bull Case

If the company beats EPS estimates and shows strong revenue growth, it could signal robust demand and effective cost control, leading to a positive stock reaction.

Bear Case

Conversely, if the company misses EPS expectations or shows signs of declining revenue, it may raise concerns about market demand and operational efficiency.

Key Metrics to Watch

EPS

0.57

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing costs and generating profits.

Revenue

1.9B

Revenue figures help gauge overall sales performance and market demand for Core & Main's products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $0.57, and what factors contributed to that performance?

A strong EPS performance would indicate effective cost management and demand, which are critical for investor confidence.

What is the revenue outlook for the upcoming quarters?

Understanding revenue trends will help assess the company's growth trajectory and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Core & Main's ability to manage costs effectively, especially in a challenging market environment.

Supporting Evidence

The company has a history of beating EPS estimates, which could indicate stronger performance than anticipated.

Options pricing suggests a significant move, reflecting uncertainty that may not be fully captured in consensus estimates.

Key Risk

If the company reports strong revenue growth alongside EPS, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it will reflect the company's ability to navigate market challenges and capitalize on growth opportunities.

Bull Confirmed If

An EPS of $0.60 or higher, coupled with revenue growth above $1.9B, would confirm the bull case.

Bear Confirmed If

An EPS below $0.52 or a significant decline in revenue would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±8.84%

Historical Avg

±10.0%

In line with history

The options market is pricing in an approximately 8.84% move in either direction, indicating uncertainty about the upcoming earnings report.

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: 6 of 24 (25%)

This setup has occurred 30 times across Industrials in the last 2 years. 18 of 24 (75%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.7%, with a raw directional average of +1.7% (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 the stock could rise by around 1.73% on average, confirming positive market sentiment.

In-Line / Cautious

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

Miss

A miss could lead to a decline of about 10.17% on average, raising concerns about the company's operational effectiveness.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on profitability.
2Insights into market demand for waterworks and plumbing products.
3Management's outlook on revenue growth for the next quarter.
4Details on any new contracts or projects that could drive future growth.
5Comments on competitive pressures and how the company plans to address them.

See the full picture

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

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Company Snapshot

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

Key Metrics to Watch

EPS

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing costs and generating profits.

0.57

Revenue

Revenue figures help gauge overall sales performance and market demand for Core & Main's products.

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 the last quarter, Core & Main reported an EPS of $0.52, which was slightly above expectations. The stock reacted positively, gaining 4.48% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect Core & Main to report solid earnings this quarter, with a consensus EPS of $0.57. Investors are particularly focused on revenue growth and cost management.

Bull Case

If the company beats EPS estimates and shows strong revenue growth, it could signal robust demand and effective cost control, leading to a positive stock reaction.

Bear Case

Conversely, if the company misses EPS expectations or shows signs of declining revenue, it may raise concerns about market demand and operational efficiency.

Key Metrics to Watch

EPS

0.57

Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing costs and generating profits.

Revenue

1.9B

Revenue figures help gauge overall sales performance and market demand for Core & Main's products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed $0.57, and what factors contributed to that performance?

A strong EPS performance would indicate effective cost management and demand, which are critical for investor confidence.

What is the revenue outlook for the upcoming quarters?

Understanding revenue trends will help assess the company's growth trajectory and market demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Core & Main's ability to manage costs effectively, especially in a challenging market environment.

Supporting Evidence

The company has a history of beating EPS estimates, which could indicate stronger performance than anticipated.

Options pricing suggests a significant move, reflecting uncertainty that may not be fully captured in consensus estimates.

Key Risk

If the company reports strong revenue growth alongside EPS, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it will reflect the company's ability to navigate market challenges and capitalize on growth opportunities.

Bull Confirmed If

An EPS of $0.60 or higher, coupled with revenue growth above $1.9B, would confirm the bull case.

Bear Confirmed If

An EPS below $0.52 or a significant decline in revenue would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±8.84%

Historical Avg

±10.0%

In line with history

The options market is pricing in an approximately 8.84% move in either direction, indicating uncertainty about the upcoming earnings report.

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: 6 of 24 (25%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Core & Main beats expectations, history suggests the stock could rise by around 1.73% on average, confirming positive market sentiment.

In-Line / Cautious

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

Miss

A miss could lead to a decline of about 10.17% on average, raising concerns about the company's operational effectiveness.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on profitability.
2Insights into market demand for waterworks and plumbing products.
3Management's outlook on revenue growth for the next quarter.
4Details on any new contracts or projects that could drive future growth.
5Comments on competitive pressures and how the company plans to address them.