Core & Main (CNM) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.78
- Estimate
- $0.91
- Surprise
- -13.6%
- Revenue (period 2026-08-02)
- $2.15B
- Score today
- 5.2/10
Revenue source: xbrl.
How the report landed
Core & Main (CNM) missed the $0.91 estimate with adjusted EPS of $0.78 — a large 13.6% shortfall.
Coverage in the report window
- Core & Main Analysts Slash Their Forecasts After Q2 Earnings — benzinga, 2026-09-10
Where TrendMatrix's rating stands now
TrendMatrix currently rates CNM Sell at 5.2/10; no pre/post engine snapshot brackets this report.
2 of the last 4 quarters beat the estimate; this quarter's -13.6% surprise compares with a -3.4% four-quarter average. Next scheduled report: 2026-12-08.
What supports the rating
- Attractive valuation
What argues against it
- Concentration risk — Product: pipes, valves & fittings (67.0%)
- Sector modifier (Industrials): -0.7
- Leverage penalty (D/E 1.3): -0.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $41.35
- Price target
- $47.65
- Stop
- $39.13
- Upside to target
- +15.2%
- Reward-to-risk
- 2.8:1
The stock trades at 17.0× trailing but 11.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-04 — shown for context, not personalized investment advice.
CNM at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Industrial Distribution
- Market cap
- $7.63B
- P/E (fwd)
- 11.8
- P/E (ttm)
- 17.0
- 52-week range
- $40.03–$59.66
- Off 52-week high
- 30.7%
- RSI (14)
- 54
- Volume vs avg
- 0.48×
- Score today
- 5.2/10