RBC Capital upgrades Core & Main, Inc. (NYSE:CNM) to “Outperform,” signaling confidence in its future market performance.
Anticipated Q1 earnings of 54 cents per share on revenue of $1.85 billion, indicating positive year-over-year growth.
Despite a slight miss in Q4 earnings, CNM’s stock demonstrates resilience with a market capitalization of approximately $11.24 billion.

Core & Main, Inc. (NYSE:CNM) is a leading distributor of water, wastewater, storm drainage, and fire protection products in the United States. The company serves municipalities, private water companies, and professional contractors. CNM operates in a competitive market, with key competitors including Ferguson PLC and HD Supply Holdings.

On June 10, 2025, RBC Capital updated its rating for CNM to “Outperform,” indicating confidence in the company’s future performance. At the time of this announcement, CNM’s stock price was $59.33. This rating suggests that RBC Capital expects CNM to perform better than the overall market or its sector peers.

CNM is set to release its first-quarter financial results on June 10, with analysts expecting earnings of 54 cents per share. This is an increase from 49 cents per share in the same period last year. The anticipated revenue is $1.85 billion, up from $1.74 billion a year ago, reflecting positive growth expectations.

Previously, on March 25, CNM reported fourth-quarter earnings of 33 cents per share, which fell short of the consensus estimate of 36 cents. This led to a slight decline in CNM’s share price by 0.6%, closing at $59.33. Despite this, the stock has shown resilience, trading between $59.10 and $60.32 today.

CNM’s market capitalization is approximately $11.24 billion, indicating its significant presence in the market. The stock has traded a volume of 4,977,844 shares on the NYSE. Over the past year, CNM has reached a high of $60.38 and a low of $37.22, showcasing its volatility and potential for growth.