Nucor Corporation (NUE) is Attracting Investor Attention: Here is What You Should Know

27.02.24 15:00 Uhr

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Nucor (NUE) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this steel company have returned +8.5% over the past month versus the Zacks S&P 500 composite's +3.8% change. The Zacks Steel - Producers industry, to which Nucor belongs, has gained 4.1% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.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 $3.84 per share for the current quarter, representing a year-over-year change of -13.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +15.5%.The consensus earnings estimate of $12.97 for the current fiscal year indicates a year-over-year change of -27.9%. This estimate has changed +3.3% over the last 30 days.For the next fiscal year, the consensus earnings estimate of $12.38 indicates a change of -4.6% from what Nucor is expected to report a year ago. Over the past month, the estimate has changed +7.4%.With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Nucor.The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSProjected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.For Nucor, the consensus sales estimate for the current quarter of $8.26 billion indicates a year-over-year change of -5.2%. For the current and next fiscal years, $32.58 billion and $31.48 billion estimates indicate -6.1% and -3.4% changes, respectively.Last Reported Results and Surprise HistoryNucor reported revenues of $7.7 billion in the last reported quarter, representing a year-over-year change of -11.7%. EPS of $3.16 for the same period compares with $4.89 a year ago.Compared to the Zacks Consensus Estimate of $7.56 billion, the reported revenues represent a surprise of +1.86%. The EPS surprise was +11.66%.The company beat consensus EPS estimates in each of the trailing four quarters. 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.The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty 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.Bottom LineThe 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 #3 does suggest that it may perform in line with the broader market in the near term.Just Released: Zacks Top 10 Stocks for 2024Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.See New Top 10 Stocks >>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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Nucor Corp.

Analysen zu Nucor Corp.

DatumRatingAnalyst
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
DatumRatingAnalyst
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
DatumRatingAnalyst
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
DatumRatingAnalyst
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"