Nucor (NUE) stock closed at $115.78, down 1.85% and is expected to post lower earnings.

From Nasdaq: 2024-12-19 18:15:12

In the latest trading session, Nucor (NUE) closed at $115.78, down 1.85%. Shares have dropped 20.39% in the last month, underperforming the sector and S&P 500. Analysts expect Nucor to post earnings of $0.90 per share, a 71.52% decline year-over-year. The Zacks Rank for Nucor is currently #5 (Strong Sell).

Looking ahead, Nucor is set to release earnings with estimates of $8.47 per share for the year. The stock is currently trading at a Forward P/E ratio of 13.92, higher than the industry average. Investors can track NUE’s performance using Zacks.com and should be aware of the recent estimate revisions impacting stock prices.

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Read more at Nasdaq: Nucor (NUE) Registers a Bigger Fall Than the Market: Important Facts to Note