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Nucor (NUE) Gains As Market Dips: What You Should Know
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Nucor (NUE - Free Report) closed the most recent trading day at $59.18, moving +1.35% from the previous trading session. This change outpaced the S&P 500's 0.43% loss on the day. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq added 0.26%.
Heading into today, shares of the steel company had lost 9.35% over the past month, lagging the Basic Materials sector's loss of 7.01% and the S&P 500's loss of 4.68% in that time.
Investors will be hoping for strength from NUE as it approaches its next earnings release, which is expected to be January 29, 2019. In that report, analysts expect NUE to post earnings of $2.06 per share. This would mark year-over-year growth of 216.92%. Our most recent consensus estimate is calling for quarterly revenue of $6.19 billion, up 21.55% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.81 per share and revenue of $24.89 billion. These totals would mark changes of +122.51% and +22.9%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for NUE. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.61% higher. NUE is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, NUE is holding a Forward P/E ratio of 7.47. This represents a discount compared to its industry's average Forward P/E of 9.02.
Also, we should mention that NUE has a PEG ratio of 0.62. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. NUE's industry had an average PEG ratio of 0.62 as of yesterday's close.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 38% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Nucor (NUE) Gains As Market Dips: What You Should Know
Nucor (NUE - Free Report) closed the most recent trading day at $59.18, moving +1.35% from the previous trading session. This change outpaced the S&P 500's 0.43% loss on the day. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq added 0.26%.
Heading into today, shares of the steel company had lost 9.35% over the past month, lagging the Basic Materials sector's loss of 7.01% and the S&P 500's loss of 4.68% in that time.
Investors will be hoping for strength from NUE as it approaches its next earnings release, which is expected to be January 29, 2019. In that report, analysts expect NUE to post earnings of $2.06 per share. This would mark year-over-year growth of 216.92%. Our most recent consensus estimate is calling for quarterly revenue of $6.19 billion, up 21.55% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.81 per share and revenue of $24.89 billion. These totals would mark changes of +122.51% and +22.9%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for NUE. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.61% higher. NUE is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, NUE is holding a Forward P/E ratio of 7.47. This represents a discount compared to its industry's average Forward P/E of 9.02.
Also, we should mention that NUE has a PEG ratio of 0.62. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. NUE's industry had an average PEG ratio of 0.62 as of yesterday's close.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 38% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.