Equity Profile

CNM

Core & Main, Inc.

IndustrialsTrading Companies & Distributors$9.8B

Jun10Wed

Pre-Earnings Brief

UpcomingQ1-2026Pre-Market9:00 AM EDT

Company Snapshot

Core & Main, Inc. (CNM) is a leading distributor of waterworks and plumbing products, serving essential infrastructure needs....

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 overall growth trajectory.

$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. (CNM) is a leading distributor of waterworks and plumbing products, serving essential infrastructure needs. With a market cap of $9 billion, it operates in the industrials sector, focusing on trading companies and distributors, which is crucial for maintaining and upgrading water and wastewater systems across the U.S.

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 estimates by 13.04%. The stock reacted positively, gaining 4.48% the following day.

Management Promises & Guidance

Focus on expanding product offerings to enhance market share.
Commitment to improving operational efficiencies.
Plans to invest in technology to streamline distribution.

Expectations

Wall Street Expectations

Analysts expect Core & Main to report solid earnings with an EPS of $0.57 and revenue of $1.9 billion. The market is keen to see if the company can maintain its growth momentum.

Bull Case

If Core & Main beats EPS estimates, it could signal strong demand in the infrastructure sector, leading to increased investor confidence and stock appreciation.

Bear Case

Conversely, if the company misses expectations, it may raise concerns about slowing growth in a competitive market, potentially leading to a significant stock decline.

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 overall growth trajectory.

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 stronger-than-expected demand and operational efficiency, which would be well-received by the market.

What are the revenue figures, and how do they compare to the expected $1.9 billion?

Revenue performance is critical for assessing the company's growth trajectory and market position, especially in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Core & Main's ability to leverage recent infrastructure spending, which could lead to higher-than-expected revenue growth.

Supporting Evidence

The company's recent performance has shown a consistent beat rate of 63%, suggesting strong operational capabilities.

Options pricing indicates a significant expected move, reflecting uncertainty that might not be fully accounted for in consensus estimates.

Key Risk

If revenue comes in significantly above $1.9 billion, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the company's ability to sustain growth against potential economic headwinds.

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 declining growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±8.84%

Historical Avg

±10.0%

In line with history

The options market is pricing in an 8.84% move, indicating that traders expect some volatility around the earnings announcement.

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

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$262,724.06

5,000 sh

1 insider

Net

$262,724.06

Net selling

Most Active Insiders· 2 open-market trades

Chief Financial OfficerBradbury Robyn L
$262,724.06

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 1.87% on average, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction, reflecting cautious optimism.

Miss

If the company misses estimates, the average historical move suggests a decline of about 10.17%, indicating a negative market reaction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure spending trends and how they are impacting sales.
2Details on operational efficiencies and cost management strategies.
3Insights into customer demand and order backlog.
4Comments on competitive pressures and market share dynamics.
5Future guidance on revenue and EPS expectations.

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. (CNM) is a leading distributor of waterworks and plumbing products, serving essential infrastructure needs....

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 overall growth trajectory.

$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 estimates by 13.04%. The stock reacted positively, gaining 4.48% the following day.

Management Promises & Guidance

Focus on expanding product offerings to enhance market share.
Commitment to improving operational efficiencies.
Plans to invest in technology to streamline distribution.

Expectations

Wall Street Expectations

Analysts expect Core & Main to report solid earnings with an EPS of $0.57 and revenue of $1.9 billion. The market is keen to see if the company can maintain its growth momentum.

Bull Case

If Core & Main beats EPS estimates, it could signal strong demand in the infrastructure sector, leading to increased investor confidence and stock appreciation.

Bear Case

Conversely, if the company misses expectations, it may raise concerns about slowing growth in a competitive market, potentially leading to a significant stock decline.

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 overall growth trajectory.

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 stronger-than-expected demand and operational efficiency, which would be well-received by the market.

What are the revenue figures, and how do they compare to the expected $1.9 billion?

Revenue performance is critical for assessing the company's growth trajectory and market position, especially in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Core & Main's ability to leverage recent infrastructure spending, which could lead to higher-than-expected revenue growth.

Supporting Evidence

The company's recent performance has shown a consistent beat rate of 63%, suggesting strong operational capabilities.

Options pricing indicates a significant expected move, reflecting uncertainty that might not be fully accounted for in consensus estimates.

Key Risk

If revenue comes in significantly above $1.9 billion, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the company's ability to sustain growth against potential economic headwinds.

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 declining growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±8.84%

Historical Avg

±10.0%

In line with history

The options market is pricing in an 8.84% move, indicating that traders expect some volatility around the earnings announcement.

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

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$262,724.06

5,000 sh

1 insider

Net

$262,724.06

Net selling

Most Active Insiders· 2 open-market trades

Chief Financial OfficerBradbury Robyn L
$262,724.06

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 1.87% on average, confirming positive market sentiment.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction, reflecting cautious optimism.

Miss

If the company misses estimates, the average historical move suggests a decline of about 10.17%, indicating a negative market reaction.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on infrastructure spending trends and how they are impacting sales.
2Details on operational efficiencies and cost management strategies.
3Insights into customer demand and order backlog.
4Comments on competitive pressures and market share dynamics.
5Future guidance on revenue and EPS expectations.