Core Main Announces Quarterly Earnings Results
CNM Stock | USD 50.54 0.41 0.82% |
About 61% of all Core Main's investors are looking to take a long position. The analysis of overall sentiment of trading Core Main stock suggests that some investors are interested at this time. Core Main's investing sentiment overview a quick insight into current market opportunities from investing in Core Main. Many technical investors use Core Main stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Core |
Core Main issued its earnings results on Tuesday. The company reported 0.69 EPS for the quarter, beating the consensus estimate of 0.65 by 0.04, Briefing.com reports. The company had revenue of 2.04 billion for the quarter, compared to the consensus estimate of 1.99 billion. Core Main had a
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Core Main Current Investor Sentiment
Panic Vs Confidence
61
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Core Main's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Core Main.
News SentimentBullish | Hype SentimentNeutral | Insider SentimentDisposing |
Core Main Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Core Main can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Core Main Historical Investor Sentiment
Investor biases related to Core Main's public news can be used to forecast risks associated with an investment in Core. The trend in average sentiment can be used to explain how an investor holding Core can time the market purely based on public headlines and social activities around Core Main. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Core Main's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Core Main and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Core Main news discussions. The higher the estimate score, the more favorable the investor's outlook on Core Main.
Core Main Fundamental Analysis
We analyze Core Main's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Core Main using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Core Main based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
Core Main is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Core Main Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Core Main stock to make a market-neutral strategy. Peer analysis of Core Main could also be used in its relative valuation, which is a method of valuing Core Main by comparing valuation metrics with similar companies.
Peers
Core Main Related Equities
DXPE | DXP Enterprises | 2.19 | ||||
SITE | SiteOne Landscape | 1.99 | ||||
FAST | Fastenal | 1.07 | ||||
GWW | WW Grainger | 1.05 | ||||
BXC | BlueLinx Holdings | 0.53 | ||||
WCC-PA | WESCO International | 0.12 | ||||
WSO | Watsco | 0.26 | ||||
MSM | MSC Industrial | 0.32 | ||||
GIC | Global Industrial | 0.47 | ||||
DSGR | Distribution Solutions | 0.58 | ||||
AIT | Applied Industrial | 1.18 |
Check out Core Main Hype Analysis, Core Main Correlation and Core Main Performance. To learn how to invest in Core Stock, please use our How to Invest in Core Main guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Core Main. If investors know Core will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Core Main listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.07) | Earnings Share 2.14 | Revenue Per Share 37.819 | Quarterly Revenue Growth 0.055 | Return On Assets 0.0797 |
The market value of Core Main is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Main's value that differs from its market value or its book value, called intrinsic value, which is Core Main's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Core Main's market value can be influenced by many factors that don't directly affect Core Main's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Core Main's value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Main is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Main's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.