ROL - How to Play Core & Main Ahead of Its Q1 Earnings? | Benzinga
Core & Main (NYSE: CNM) will report its fiscal 2024 first-quarter results on Jun 4, before market open.
Let us check out how CNM has lately been doing.
Core & Main, Inc. Price and EPS Surprise
Core & Main, Inc. price-eps-surprise | Core & Main, Inc. Quote
Stock Performance & Valuation
The company's shares have surged 76.4% over the past six months, outperforming the 21.6% rally of the industry it belongs to and the 16.5% rise of the Zacks S&P 500 composite.
Based on EV-to-EBITDA, CNM is currently trading at 19.06X compared with the industry's 12.43X. If we look at the Price/Earnings ratio, CNM shares currently trade at 22.69X forward earnings, below the industry's 26.98X.
FY23 Sales & Margin Performances
CNM's fiscal 2023 revenues amounted to $6.7 billion, a marginal rise on a year-over-year basis. The rise in the top line was driven by geographic expansion, product line expansion and local share gains.
The gross margin of 27.1% increased 20 basis points in fiscal 2023. An operating margin of 11.1% ...