A busted furnace in January or a cracked water main under Main Street share something important: neither waits for the economy to cooperate.
Core & Main is upgraded from ‘hold' to a soft ‘buy' after shares fell, making the stock attractively valued both absolutely and relative to peers. CNM maintained guidance for FY2026, projecting revenue of $7.8–$7.9B and EBITDA of $950–$980M, signaling management confidence despite recent earnings misses. Growth was driven by fire protection products and acquisitions, while smart utility and storm drainage segments faced short-term headwinds and tepid performance.
Core & Main NYSE: CNM reported higher fiscal 2026 second-quarter sales, adjusted EBITDA and adjusted earnings per share, supported by municipal infrastructure activity, treatment plant projects, fire protection demand and growing data center-related work.
Core & Main (CNM) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.87 per share a year ago.
An increase in manufacturing activities, technological progress and strategic acquisitions favor the Zacks Manufacturing-Tools & Related Products industry's near-term prospects. LECO, SWK, CNM and KMT are some promising stocks in the industry.
In the closing of the recent trading day, Core & Main (CNM) stood at $42.07, denoting a -2.07% move from the preceding trading day.
In the most recent trading session, Core & Main (CNM) closed at $43.37, indicating a -1.61% shift from the previous trading day.
The latest trading day saw Core & Main (CNM) settling at $44.46, representing a -1.83% change from its previous close.
Core & Main is initiated with a Buy rating and a $62 price target, implying 35.6% upside as growth trends improve. Recent underperformance stems from sluggish revenue growth, particularly in the PVF segment, but easier comps and segment rebounds are expected to drive sequential acceleration. CNM's diversified product mix, strong M&A track record, and disciplined pricing position the company for margin expansion and potential multiple rerating.
In the closing of the recent trading day, Core & Main (CNM) stood at $46.06, denoting a -1.22% move from the preceding trading day.
Investors interested in Manufacturing - Tools & Related Products stocks are likely familiar with Core & Main (CNM) and Lincoln Electric Holdings (LECO). But which of these two stocks presents investors with the better value opportunity right now?
The latest trading day saw Core & Main (CNM) settling at $42.37, representing a -3.66% change from its previous close.