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Nucor (NUE) Declines More Than Market: Some Information for Investors
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Nucor (NUE - Free Report) closed the most recent trading day at $256.40, moving -1.79% from the previous trading session. This move lagged the S&P 500's daily loss of 0.58%. Elsewhere, the Dow lost 1.18%, while the tech-heavy Nasdaq lost 0.32%.
Heading into today, shares of the steel company had lost 4.93% over the past month, lagging the Basic Materials sector's gain of 2.77% and the S&P 500's loss of 0.36%.
Analysts and investors alike will be keeping a close eye on the performance of Nucor in its upcoming earnings disclosure. The company's upcoming EPS is projected at $5.46, signifying a 107.60% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $10.43 billion, up 22.4% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $17.95 per share and revenue of $39.98 billion, indicating changes of +132.81% and +23.05%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Nucor. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.41% lower. Right now, Nucor possesses a Zacks Rank of #3 (Hold).
Investors should also note Nucor's current valuation metrics, including its Forward P/E ratio of 14.54. This represents a premium compared to its industry average Forward P/E of 14.34.
We can additionally observe that NUE currently boasts a PEG ratio of 0.97. 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 Steel - Producers industry had an average PEG ratio of 0.46 as trading concluded yesterday.
The Steel - Producers industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 33% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Nucor (NUE) Declines More Than Market: Some Information for Investors
Nucor (NUE - Free Report) closed the most recent trading day at $256.40, moving -1.79% from the previous trading session. This move lagged the S&P 500's daily loss of 0.58%. Elsewhere, the Dow lost 1.18%, while the tech-heavy Nasdaq lost 0.32%.
Heading into today, shares of the steel company had lost 4.93% over the past month, lagging the Basic Materials sector's gain of 2.77% and the S&P 500's loss of 0.36%.
Analysts and investors alike will be keeping a close eye on the performance of Nucor in its upcoming earnings disclosure. The company's upcoming EPS is projected at $5.46, signifying a 107.60% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $10.43 billion, up 22.4% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $17.95 per share and revenue of $39.98 billion, indicating changes of +132.81% and +23.05%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Nucor. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.41% lower. Right now, Nucor possesses a Zacks Rank of #3 (Hold).
Investors should also note Nucor's current valuation metrics, including its Forward P/E ratio of 14.54. This represents a premium compared to its industry average Forward P/E of 14.34.
We can additionally observe that NUE currently boasts a PEG ratio of 0.97. 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 Steel - Producers industry had an average PEG ratio of 0.46 as trading concluded yesterday.
The Steel - Producers industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 79, this industry ranks in the top 33% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.