Nucor Corporation (NUE) closed at $146.40 on the latest trading session, reflecting a decline of 1.57% from the previous day, which outpaced the S&P 500’s drop of 0.69%. Over the past month, Nucor’s shares have increased by 8.58%, slightly underperforming the Basic Materials sector (9.38%) but outperforming the S&P 500 (3.79%).
Nucor is expected to release its earnings report soon, with analysts predicting an earnings per share (EPS) of $2.49, indicating a significant 67.11% increase year-over-year. Revenue is projected at $8.36 billion, a 12.28% rise compared to the corresponding quarter last year. For the full year, the Zacks Consensus Estimates forecast earnings of $8.25 per share and revenue of $32.39 billion, translating to changes of -7.3% and +5.4%, respectively, from the previous year.
Currently, Nucor holds a Zacks Rank of #3 (Hold) amidst an industry rank placing it in the bottom 20% of over 250 sectors. The company has a Forward P/E ratio of 18.02, which exceeds the industry average of 12.64, and a PEG ratio of 0.95 compared to the industry average of 0.74.
