Core & Main Shares Slide 1.2%; Forecast Q4 EPS Up 45% on $1.59B Revenue
Core & Main shares fell 1.2% to $49.38 and are down 11.9% over the past month versus the sector’s 5.6% decline. The company is set to report Q4 EPS of $0.48 (up 45%) on $1.59 billion revenue (down 6.3%) and trades at a 15.7 forward P/E versus 18.3 industry average.
1. Stock Performance
Shares closed down 1.16% at $49.38, underperforming the S&P 500’s 0.21% drop and the Nasdaq’s 0.01% gain. Over the past month, shares have declined 11.9%, compared with a 5.55% loss in the Industrial Products sector and a 2.26% drop in the S&P 500.
2. Q4 Forecast
Analysts project Q4 EPS of $0.48, a 45.45% increase from the prior-year quarter, on revenue of $1.59 billion, down 6.29% year-over-year. Full-year consensus calls for EPS of $2.93 (up 37.56%) and revenue of $7.66 billion (up 2.9%).
3. Valuation and Industry Position
The stock trades at a forward P/E of 15.68, below the Industrial Products industry average of 18.25, reflecting a valuation discount. Its PEG ratio stands at 1.78 versus the industry’s 1.68, and the manufacturing tools group ranks 72nd out of more than 250 industries, placing it in the top 30%.