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Core & Main (CNM) Set to Knock it Out of the Park This Earnings Season

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Buckle up, stock enthusiasts! The moment you’ve been waiting for is almost here. Core & Main, Inc. CNM, may be on the brink of a major earnings win. With the big day fast approaching, the signs are looking downright rosy for their upcoming report.

The Wall Street whisperings tell a tale of soaring expectations for Core & Main, signaling a high probability of them surpassing the projected earnings. Analysts are sending up flares, indicating an upward surge in earnings estimates just in time for the grand financial reveal. It’s like receiving a hot stock tip from a well-connected insider.

Surprise on the Horizon?

The Most Accurate Estimate for the current quarter points to a value of 71 cents per share for CNM, compared to a Zacks Consensus Estimate of 68 cents per share. This exhibits a clear surge in analyst expectations, culminating in a Zacks Earnings ESP of +3.86% leading up to earnings season.

Rare Opportunity: Core & Main, Inc. Price and EPS Surprise

Core & Main, Inc. Price and EPS Surprise

Core & Main, Inc. price-eps-surprise | Core & Main, Inc. Quote

Why this is a Big Deal

A positive Zacks Earnings ESP has historically translated into both impressive surprises and market outperformance. An extensive 10-year examination revealed that stocks with a positive Earnings ESP and a Zacks Rank #3 (Hold) or better delivered positive surprises nearly 70% of the time, boasting average annual returns of over 28%. It’s like hitting the jackpot in the stock market casino.

With CNM flaunting a Zacks Rank #1 (Strong Buy) and a soaring ESP, savvy investors might want to hop on board this money train before the earnings announcement. Witness a list of today’s Zacks #1 Rank stocks here.

The recent slew of upbeat earnings estimate revisions paints a picture of good tidings ahead for the formidable Core & Main. Brace yourself for the potential fireworks to be unleashed in the imminent report.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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