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. is a leading distributor of waterworks and plumbing products in the industrial sector....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

$0.57

Revenue

Revenue figures provide insight into the company's sales performance and overall 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 in the industrial sector. With a market cap of $10 billion, the company plays a crucial role in infrastructure development, which is increasingly important as governments and businesses invest in upgrading water systems and utilities.

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, beating estimates by 13%. 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 keen to see if the company can maintain its growth trajectory amid economic uncertainties.

Bull Case

If Core & Main exceeds EPS expectations, it could signal strong demand for its products and further growth in the infrastructure sector, potentially leading to a stock price increase.

Bear Case

Conversely, if the company misses earnings expectations, it may raise concerns about slowing demand or operational challenges, which could negatively impact the stock.

Key Metrics to Watch

EPS

$0.57

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

Revenue

$1.9B

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

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $0.57?

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

What commentary will management provide on revenue growth and market demand?

Insights into revenue trends will help investors assess the company's growth prospects in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent infrastructure spending, which could drive stronger-than-expected revenue growth for Core & Main this quarter.

Supporting Evidence

The company's recent performance has shown a consistent ability to beat EPS estimates, indicating operational strength.

The options market is pricing in a move that aligns with historical volatility, suggesting that the stock could react more strongly to positive news than anticipated.

Key Risk

If revenue growth significantly outpaces expectations, it could challenge the current consensus outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical 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 would confirm the bull case, indicating strong demand and operational efficiency.

Bear Confirmed If

An EPS below $0.52 would confirm the bear case, suggesting potential weaknesses in demand or execution.

Pre-Earnings Positioning

Options Market

Implied Move

±8.84%

Historical Avg

±10.00%

In line with history

The options market is pricing in an expected move of about 8.84% following the earnings report, indicating uncertainty among investors.

Options pricing is consistent with the historical average move of 10% over the last eight quarters.

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 4.8%, with a raw directional average of +1.9% (modestly positive historical bias).

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 the following day, 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 from management.

Miss

A miss on earnings could lead to a decline of about 10.17% based on historical patterns, raising concerns about the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on major contracts or projects that could impact revenue.
2Insights into supply chain challenges and how they are being managed.
3Management's outlook on the infrastructure market and potential growth areas.
4Details on cost management strategies and their impact on margins.
5Any commentary on competitive pressures and market share.

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 in the industrial sector....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

$0.57

Revenue

Revenue figures provide insight into the company's sales performance and overall 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, beating estimates by 13%. The stock reacted positively, gaining 4.48% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Core & Main exceeds EPS expectations, it could signal strong demand for its products and further growth in the infrastructure sector, potentially leading to a stock price increase.

Bear Case

Conversely, if the company misses earnings expectations, it may raise concerns about slowing demand or operational challenges, which could negatively impact the stock.

Key Metrics to Watch

EPS

$0.57

Earnings per share is a key indicator of profitability and helps gauge the company's financial health.

Revenue

$1.9B

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

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $0.57?

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

What commentary will management provide on revenue growth and market demand?

Insights into revenue trends will help investors assess the company's growth prospects in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the impact of recent infrastructure spending, which could drive stronger-than-expected revenue growth for Core & Main this quarter.

Supporting Evidence

The company's recent performance has shown a consistent ability to beat EPS estimates, indicating operational strength.

The options market is pricing in a move that aligns with historical volatility, suggesting that the stock could react more strongly to positive news than anticipated.

Key Risk

If revenue growth significantly outpaces expectations, it could challenge the current consensus outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical 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 would confirm the bull case, indicating strong demand and operational efficiency.

Bear Confirmed If

An EPS below $0.52 would confirm the bear case, suggesting potential weaknesses in demand or execution.

Pre-Earnings Positioning

Options Market

Implied Move

±8.84%

Historical Avg

±10.00%

In line with history

The options market is pricing in an expected move of about 8.84% following the earnings report, indicating uncertainty among investors.

Options pricing is consistent with the historical average move of 10% over the last eight quarters.

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%)

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 the following day, 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 from management.

Miss

A miss on earnings could lead to a decline of about 10.17% based on historical patterns, raising concerns about the company's growth trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on major contracts or projects that could impact revenue.
2Insights into supply chain challenges and how they are being managed.
3Management's outlook on the infrastructure market and potential growth areas.
4Details on cost management strategies and their impact on margins.
5Any commentary on competitive pressures and market share.