A Peek at Nucor's Future Earnings
Portfolio Pulse from Benzinga Insights
Nucor (NYSE:NUE) is set to release its quarterly earnings on October 21, 2024. Analysts expect an EPS of $1.49. Investors are keen on not just an earnings beat but also positive future guidance. Despite a past earnings beat, Nucor's stock dropped 1.1% the next day. The stock is currently trading at $158.09, with a 12.58% increase over the past year. Analysts rate Nucor as 'Outperform' with a price target of $170, indicating a 7.53% upside. Nucor leads in gross profit and ROE among peers but lags in revenue growth.
October 18, 2024 | 6:13 pm
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Nucor is expected to release its earnings with an EPS of $1.49. Investors are focused on future guidance. Despite past earnings beats, stock price reactions have been mixed. Analysts rate it 'Outperform' with a $170 target.
Nucor's upcoming earnings release is crucial, with analysts expecting an EPS of $1.49. The stock's past performance shows mixed reactions to earnings beats, indicating that future guidance will be a significant factor for investors. The 'Outperform' rating and $170 price target suggest positive sentiment, but the actual impact will depend on the earnings results and guidance provided.
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