Latest news with #CNM
Yahoo
29-05-2025
- Business
- Yahoo
Core & Main (CNM) Stock Moves -0.46%: What You Should Know
Core & Main (CNM) closed at $54.68 in the latest trading session, marking a -0.46% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.56%. Meanwhile, the Dow lost 0.58%, and the Nasdaq, a tech-heavy index, lost 0.51%. The the stock of distributor of water and fire protection products has risen by 3.76% in the past month, lagging the Industrial Products sector's gain of 9.95% and the S&P 500's gain of 7.37%. The investment community will be paying close attention to the earnings performance of Core & Main in its upcoming release. The company is slated to reveal its earnings on June 10, 2025. The company's upcoming EPS is projected at $0.52, signifying a 6.12% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.83 billion, reflecting a 5.25% rise from the equivalent quarter last year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.43 per share and a revenue of $7.71 billion, signifying shifts of +14.08% and +3.66%, respectively, from the last year. It is also important to note the recent changes to analyst estimates for Core & Main. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Core & Main is holding a Zacks Rank of #3 (Hold) right now. In terms of valuation, Core & Main is presently being traded at a Forward P/E ratio of 22.6. This valuation marks a premium compared to its industry's average Forward P/E of 16.82. We can additionally observe that CNM currently boasts a PEG ratio of 2.07. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Manufacturing - Tools & Related Products industry stood at 1.66 at the close of the market yesterday. The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 205, which puts it in the bottom 18% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow CNM in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Core & Main, Inc. (CNM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
CNM LLP Announces the Appointment of Gavin Torres as Senior Vice President of Business Development
LOS ANGELES--(BUSINESS WIRE)-- CNM LLP, a leading technical advisory firm, today announced the appointment of Gavin Torres as Senior Vice President of Business Development. Gavin will be based in CNM's Los Angeles office and will lead the firm's business development strategy and growth initiatives in Los Angeles and Orange County markets. 'As we look to continue scaling our business and deepening relationships across key markets, Gavin brings the leadership, insight, and energy we need to accelerate our progress,' says CNM President Bill Strong. 'As we look to continue scaling our business and deepening relationships across key markets, Gavin brings the leadership, insight, and energy we need to accelerate our progress,' says CNM President Bill Strong. 'Gavin's strategic thinking, deep relationship approach, and executional focus will be critical to elevating our growing business development efforts and we believe his contributions will play a pivotal role in shaping our next phase of growth.' Gavin brings more than a decade of success in building and executing go-to-market strategies across competitive verticals including tech and financial services. Prior to joining CNM, he served in Senior Account Executive roles with ChargePoint, ServiceTitan, and Juniper Square, driving impressive results and earning sales accolades in every role. Most recently, Gavin served as Enterprise Account Director at Donnelley Financial Solutions (DFIN), the leading provider of innovative software and technology-enabled financial regulatory and compliance solutions, where he built strong personal relationships in the Los Angeles and Orange County markets. 'We're excited to welcome Gavin to CNM,' says Sanjay Sheth, Managing Partner, CNM LLP. 'His track record of driving growth in both established and emerging markets reflects the kind of leadership and client focus we value. We look forward to the perspective and expertise he brings to our expanding presence in Southern California.' CNM currently has five offices in Los Angeles, Orange County, San Diego, New York City, and Kuala Lumpur, Malaysia and a global workforce of over 200 professionals. The firm is best known for its areas of service in accounting & transaction, internal audit, SOX compliance, business transformation, data & analytics, process automation, and cybersecurity & privacy. CNM serves businesses ranging from start-ups and mid-market companies to multinational Fortune 500 companies. For over 20 years, CNM has remained strongly committed to excellence and fostering a people-centric culture, which has led to several recognitions, including being a Great Place to Work-Certified™ company by Fortune since 2018. 'Taking on this new role is a natural extension of my passion for building relationships, resolving complex business challenges, and driving sustainable growth,' says Gavin. 'What drew me to CNM is the caliber and quality of the people here and the clarity of their mission. I'm thrilled to work alongside a team that values innovation, collaboration, and long-term impact for our teams and our clients.' About CNM LLP Founded in 2003, CNM LLP is recognized as the premier technical advisory firm. Our vision is to be the most trusted advisory services firm to our people and our clients. We provide high-value advisory services and solutions, combining professional capabilities with hands-on support. We do this with a people-centric focus, a passion for excellence, and honest communication in a collaborative environment. Learn more about CNM at or by visiting our LinkedIn page.
Malaysian Reserve
23-05-2025
- Automotive
- Malaysian Reserve
New Mexico Community College, School District Partner to Expand CTE High School Offerings with Transportation Technology Center
Central New Mexico Community College broke ground on the state-of-the-art facility that will connect high school students from Rio Rancho Public Schools to modern learning labs designed for the future of transportation technology education, providing students with direct access to in-demand careers. RIO RANCHO, N.M., May 23, 2025 /PRNewswire/ — Central New Mexico Community College (CNM) broke ground this week on a new Transportation Technology Center that's being constructed on the campus of RioTECH, a new Career Technical Education high school that opened in April. CNM and Rio Rancho Public Schools (RRPS) have formed a unique partnership to provide high school students with convenient access to CNM's high-quality Career Technical Education (CTE) and skilled trades programs through RioTECH that lead directly to in-demand careers in the local economy. The new Transportation Technology Center is scheduled to open in Fall 2026, when CNM will broaden the trades offerings at RioTECH by moving its Automotive Technology and Electric Vehicle Technology programs to the campus, as well as some introductory courses from the Diesel Equipment Technology program. 'CNM is thrilled to be partnering with Rio Rancho Public Schools as we continue the evolution of RioTECH,' said CNM President Tracy Hartzler. 'This groundbreaking is another momentous step forward in broadening opportunities for high school students while addressing the workforce needs of our local economy. The state-of-the-art labs in this facility will provide students with engaging, hands-on, real-world learning experiences, as well as internship opportunities with local employers, that lead to CNM credentials and quality career opportunities in our economy.' 'This groundbreaking marks a significant milestone in Rio Rancho Public Schools' vision for RioTECH, where students will gain real-world skills in cutting-edge industries,' said Superintendent Cleveland. 'The new automotive facility represents more than just bricks and mortar—it's a gateway to opportunity. Thanks to our valued partnership with CNM, our students will have access to advanced training and dual credit pathways that prepare them for high-demand careers. Together, we're building a future where education and workforce development go hand in hand.' The grand opening for the first building on the RioTECH campus was celebrated in April. In August, RioTECH students will begin taking CNM classes and learning in modern labs that simulate real-world workplaces for welding, carpentry, plumbing, HVAC, electrical trades, computer science, and digital media. Unlike traditional CTE and trades programs that often require travel for high school students, RioTECH students will complete all coursework at the new school, allowing for seamless integration of technical training and core academics. CNM's dual credit classes, which are tuition-free, count for both college and high school credit. Students will be able to graduate from high school with industry-recognized credentials, certificates or even associate degrees – giving them clear pathways to quality careers right after high school, or the ability to continue their college education with credits in hand. CNM's skilled trades and CTE programs are continually redesigned to provide students with the most current and relevant skills needed by employers. CNM students will also have access to courses and programs at RioTECH. Some of the features of the new, 43,800-square-foot Transportation Technology Center will include: Labs that are designed to emulate professional repair shops, providing students with the latest tools and technology they need to succeed in the workplace when they graduate. Each lab has adjacent classrooms and faculty offices with video connectivity to the labs to enhance teaching and maintain safety. Electric Vehicle Lab with tool room and battery storage. Automotive Electric Systems lab. Fleet storage to accommodate 85 vehicles. Vehicle showcase space at main entrance to celebrate the ever-changing career opportunities in the Transportation Technology trades, as well as a reception area and conference room. CNM is celebrating its 60th anniversary this year. Automotive Repair was one of a few programs that was offered when CNM opened as Albuquerque Technical Vocational Institute (TVI) in July 1965. RioTECH and the new Transportation Center represent CNM's commitment to its CTE and trades roots, and its commitment to the future of skilled trades education in the years ahead.
Yahoo
23-05-2025
- Automotive
- Yahoo
New Mexico Community College, School District Partner to Expand CTE High School Offerings with Transportation Technology Center
Central New Mexico Community College broke ground on the state-of-the-art facility that will connect high school students from Rio Rancho Public Schools to modern learning labs designed for the future of transportation technology education, providing students with direct access to in-demand careers. RIO RANCHO, N.M., May 23, 2025 /PRNewswire/ -- Central New Mexico Community College (CNM) broke ground this week on a new Transportation Technology Center that's being constructed on the campus of RioTECH, a new Career Technical Education high school that opened in April. CNM and Rio Rancho Public Schools (RRPS) have formed a unique partnership to provide high school students with convenient access to CNM's high-quality Career Technical Education (CTE) and skilled trades programs through RioTECH that lead directly to in-demand careers in the local economy. The new Transportation Technology Center is scheduled to open in Fall 2026, when CNM will broaden the trades offerings at RioTECH by moving its Automotive Technology and Electric Vehicle Technology programs to the campus, as well as some introductory courses from the Diesel Equipment Technology program. "CNM is thrilled to be partnering with Rio Rancho Public Schools as we continue the evolution of RioTECH," said CNM President Tracy Hartzler. "This groundbreaking is another momentous step forward in broadening opportunities for high school students while addressing the workforce needs of our local economy. The state-of-the-art labs in this facility will provide students with engaging, hands-on, real-world learning experiences, as well as internship opportunities with local employers, that lead to CNM credentials and quality career opportunities in our economy." "This groundbreaking marks a significant milestone in Rio Rancho Public Schools' vision for RioTECH, where students will gain real-world skills in cutting-edge industries," said Superintendent Cleveland. "The new automotive facility represents more than just bricks and mortar—it's a gateway to opportunity. Thanks to our valued partnership with CNM, our students will have access to advanced training and dual credit pathways that prepare them for high-demand careers. Together, we're building a future where education and workforce development go hand in hand." The grand opening for the first building on the RioTECH campus was celebrated in April. In August, RioTECH students will begin taking CNM classes and learning in modern labs that simulate real-world workplaces for welding, carpentry, plumbing, HVAC, electrical trades, computer science, and digital media. Unlike traditional CTE and trades programs that often require travel for high school students, RioTECH students will complete all coursework at the new school, allowing for seamless integration of technical training and core academics. CNM's dual credit classes, which are tuition-free, count for both college and high school credit. Students will be able to graduate from high school with industry-recognized credentials, certificates or even associate degrees – giving them clear pathways to quality careers right after high school, or the ability to continue their college education with credits in hand. CNM's skilled trades and CTE programs are continually redesigned to provide students with the most current and relevant skills needed by employers. CNM students will also have access to courses and programs at RioTECH. Some of the features of the new, 43,800-square-foot Transportation Technology Center will include: Labs that are designed to emulate professional repair shops, providing students with the latest tools and technology they need to succeed in the workplace when they graduate. Each lab has adjacent classrooms and faculty offices with video connectivity to the labs to enhance teaching and maintain safety. Electric Vehicle Lab with tool room and battery storage. Automotive Electric Systems lab. Fleet storage to accommodate 85 vehicles. Vehicle showcase space at main entrance to celebrate the ever-changing career opportunities in the Transportation Technology trades, as well as a reception area and conference room. CNM is celebrating its 60th anniversary this year. Automotive Repair was one of a few programs that was offered when CNM opened as Albuquerque Technical Vocational Institute (TVI) in July 1965. RioTECH and the new Transportation Center represent CNM's commitment to its CTE and trades roots, and its commitment to the future of skilled trades education in the years ahead. View original content to download multimedia: SOURCE Central New Mexico Community College (CNM) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Is It Worth Investing in Core & Main (CNM) Based on Wall Street's Bullish Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Core & Main (CNM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Core & Main currently has an average brokerage recommendation (ABR) of 1.77, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 13 brokerage firms. An ABR of 1.77 approximates between Strong Buy and Buy. Of the 13 recommendations that derive the current ABR, eight are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 61.5% and 7.7% of all recommendations. Check price target & stock forecast for Core & Main here>>>While the ABR calls for buying Core & Main, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether. The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5. Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide. On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks. Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements. Looking at the earnings estimate revisions for Core & Main, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $2.43. Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Core & Main. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Core & Main. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Core & Main, Inc. (CNM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
