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26.05.2022 15:00

Is Trending Stock Nucor Corporation (NUE) a Buy Now?

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Nucor (NUE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this steel company have returned -19.1%, compared to the Zacks S&P 500 composite's -7.2% change. During this period, the Zacks Steel - Producers industry, which Nucor falls in, has lost 6.2%. The key question now is: What could be the stock's future direction?Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.Nucor is expected to post earnings of $8 per share for the current quarter, representing a year-over-year change of +58.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +27.3%.For the current fiscal year, the consensus earnings estimate of $27.18 points to a change of +17.4% from the prior year. Over the last 30 days, this estimate has changed +29.9%.For the next fiscal year, the consensus earnings estimate of $14.18 indicates a change of -47.8% from what Nucor is expected to report a year ago. Over the past month, the estimate has changed +178.4%.Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Nucor is rated Zacks Rank #1 (Strong Buy).The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSRevenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.In the case of Nucor, the consensus sales estimate of $11.51 billion for the current quarter points to a year-over-year change of +31%. The $43.24 billion and $37.53 billion estimates for the current and next fiscal years indicate changes of +18.5% and -13.2%, respectively.Last Reported Results and Surprise HistoryNucor reported revenues of $10.49 billion in the last reported quarter, representing a year-over-year change of +49.5%. EPS of $7.67 for the same period compares with $3.10 a year ago.Compared to the Zacks Consensus Estimate of $10.29 billion, the reported revenues represent a surprise of +1.98%. The EPS surprise was +4.35%.Over the last four quarters, Nucor surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Nucor is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Nucor. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buysAccess Zacks Top 10 Stocks for 2022 today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nucor Corporation (NUE): Free Stock Analysis Report To read this article on Zacks.com click here.
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Nachrichten zu Nucor Corp.

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  • Alle
  • vom Unternehmen
  • Peer Group
  • ?

Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu Nucor Corp.

  • Alle
  • Buy
  • Hold
  • Sell
  • ?
30.05.2019Nucor HoldDeutsche Bank AG
09.01.2019Nucor OutperformCowen and Company, LLC
11.10.2018Nucor BuySeaport Global Securities
23.10.2017Nucor Market PerformCowen and Company, LLC
06.02.2017Nucor OverweightBarclays Capital
09.01.2019Nucor OutperformCowen and Company, LLC
11.10.2018Nucor BuySeaport Global Securities
06.02.2017Nucor OverweightBarclays Capital
06.07.2016Nucor BuyDeutsche Bank AG
02.03.2016Nucor BuyStandpoint Research
30.05.2019Nucor HoldDeutsche Bank AG
23.10.2017Nucor Market PerformCowen and Company, LLC
10.05.2016Nucor NeutralRosenblatt
27.04.2016Nucor Market PerformCowen and Company, LLC
13.04.2016Nucor HoldStandpoint Research
06.04.2009Nucor sellDeutsche Bank AG
25.09.2006Update Nucor Corp.: ReduceUBS
22.07.2005Update Nucor Corp.: Sector UnderperformCIBC World Markets

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Nucor Corp. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"

Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"

Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
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