Nucor stock down 0.02%, outperforming sector, with expected decrease in earnings and revenue

From NASDAQ: 2025-01-10 18:15:23

Nucor (NUE) closed at $118.16, down 0.02% from the previous day, compared to S&P 500’s 1.54% loss. Nucor’s stock fell by 10.07% in the past month, outperforming the Basic Materials sector’s 10.98% loss. Earnings report set for January 27, 2025, with an expected EPS of $0.63 and revenue of $6.6 billion, down 80.06% and 14.35% respectively.

Analyst estimates for Nucor are crucial for investors, as revisions reflect near-term business trends. The Zacks Rank system shows a correlation between estimate changes and stock prices. Nucor currently has a Zacks Rank of #3 (Hold), with a 13.97% decrease in the consensus EPS estimate over the last 30 days. Forward P/E ratio of 14.25 is higher than the industry’s 9.76.

The Steel – Producers industry is ranked 195 out of 250+ industries, signaling it is in the bottom 23%. Zacks Industry Rank measures the strength of industry groups, with top 50% rated industries outperforming the bottom half by 2 to 1. Stay updated on stock-moving metrics on Zacks.com for more insights and analysis.

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Read more at NASDAQ: Nucor (NUE) Stock Moves -0.02%: What You Should Know