Nucor (NUE) closed the most recent trading day at $163.77, moving -2.45% from the previous trading session. This change lagged the S&P 500's 0.65% gain on the day. Elsewhere, the Dow saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.82%.
The steel company's shares have seen an increase of 0.79% over the last month, not keeping up with the Basic Materials sector's gain of 7.44% and the S&P 500's gain of 1.15%.
Analysts and investors alike will be keeping a close eye on the performance of Nucor in its upcoming earnings disclosure. The company's earnings report is set to go public on January 26, 2026. On that day, Nucor is projected to report earnings of $1.91 per share, which would represent year-over-year growth of 56.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.77 billion, up 9.78% from the year-ago period.
NUE's full-year Zacks Consensus Estimates are calling for earnings of $7.98 per share and revenue of $32.6 billion. These results would represent year-over-year changes of -10.34% and 0%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Nucor. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.29% higher. Currently, Nucor is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Nucor is currently being traded at a Forward P/E ratio of 14.41. This denotes a premium relative to the industry average Forward P/E of 10.77.
Investors should also note that NUE has a PEG ratio of 0.9 right now. 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. As the market closed yesterday, the Steel - Producers industry was having an average PEG ratio of 0.56.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 65, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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 Corporation (NUE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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