In the latest trading session, Nucor (NUE) closed at $244.49, marking a -1.12% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.77%. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq lost 0.92%.
Heading into today, shares of the steel company had lost 1.3% over the past month, outpacing the Basic Materials sector's loss of 9.1% and lagging the S&P 500's gain of 0.96%.
The investment community will be closely monitoring the performance of Nucor in its forthcoming earnings report. The company is scheduled to release its earnings on October 26, 2026. The company's upcoming EPS is projected at $5.85, signifying a 122.43% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $10.49 billion, reflecting a 23.11% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.29 per share and a revenue of $40.26 billion, indicating changes of +137.22% and +23.89%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Nucor. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.89% higher within the past month. Nucor is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Nucor is presently trading at a Forward P/E ratio of 13.52. This valuation marks a discount compared to its industry average Forward P/E of 13.77.
It's also important to note that NUE currently trades at a PEG ratio of 0.9. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Steel - Producers industry was having an average PEG ratio of 0.42.
The Steel - Producers industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 68, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Nucor Corporation (NUE): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).