From Nasdaq: 2025-03-21 10:05:00

Nucor Corporation (NUE) predicts first-quarter 2025 earnings of 45-55 cents per share, with adjusted earnings forecasted at 50-60 cents per share. The anticipated decline is attributed to weaker selling prices, impacting the steel products segment. NUE repurchased 2.3 million shares in the quarter, returning $428 million to shareholders.

Ingevity Corporation (NGVT), Axalta Coating Systems (AXTA), and Carpenter Technology Corporation (CRS) are top picks in the basic materials sector. NGVT boasts a Zacks Rank #1, with strong earnings surprises. AXTA, also a Zacks Rank #1 stock, has consistently surpassed estimates. CRS, a Zacks Rank #2 stock, has seen a significant rise in shares.

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Read more at Nasdaq: Nucor Projects Q1 Earnings to Decline on Lower Selling Prices