Uncovering Potential: Nucor's Earnings Preview
Portfolio Pulse from Benzinga Insights
Nucor (NYSE:NUE) is set to release its quarterly earnings report on October 21, 2024. Analysts expect an EPS of $1.49. Despite a past EPS beat, Nucor's stock dropped 1.1% the next day. The stock is up 12.65% over the past year, with analysts rating it as 'Outperform' and a price target of $170, suggesting a 7.53% upside. Nucor leads in gross profit among peers but lags in revenue growth and return on equity.
October 18, 2024 | 6:14 pm
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Nucor is expected to release its earnings report with an anticipated EPS of $1.49. Despite a previous EPS beat, the stock saw a slight decline. Analysts rate it 'Outperform' with a price target of $170, indicating a potential upside.
Nucor's upcoming earnings report is highly anticipated, with analysts expecting an EPS of $1.49. The stock's past performance shows a decline even after an EPS beat, indicating market sensitivity to earnings results. The 'Outperform' rating and price target suggest positive sentiment, potentially driving the stock up if expectations are met or exceeded.
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