Nucor(US:NUE) zacks.comยท2024-05-28 23:16Company Performance - Nucor's stock closed at $168.39, reflecting a -1.68% change from the previous session, underperforming the S&P 500's daily gain of 0.03% [1] - Over the past month, Nucor shares declined by 2.27%, lagging behind the Basic Materials sector's gain of 2.94% and the S&P 500's gain of 4.19% [1] - Analysts expect Nucor to report earnings of $3.13 per share, indicating a year-over-year decline of 46.13%, with revenue projected at $8.16 billion, a 14.31% drop compared to the previous year [1] Full Year Estimates - For the full year, analysts anticipate earnings of $12.57 per share and revenue of $31.69 billion, representing changes of -30.17% and -8.71% respectively from the prior year [2] - Recent revisions to analyst forecasts for Nucor are crucial as they reflect changing business trends, with positive alterations indicating analyst optimism [2] Valuation and Industry Ranking - Nucor's Forward P/E ratio stands at 13.62, which is a premium compared to the industry's average Forward P/E of 10.84 [3] - The Steel - Producers industry, part of the Basic Materials sector, has a Zacks Industry Rank of 232, placing it in the bottom 8% of over 250 industries [3] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows that Nucor currently holds a Zacks Rank of 3 (Hold) [3]