Nucor's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Nucor is set to announce its quarterly earnings on October 21, 2024, with analysts estimating an EPS of $1.49. The market is optimistic about Nucor surpassing estimates and providing positive guidance. Despite a past EPS beat, the stock price dropped 1.1% the next day. Nucor's shares have risen 12.8% over the past year, and analysts rate it as 'Outperform' with a price target of $170. Nucor leads in gross profit and ROE among peers but lags in revenue growth.

October 18, 2024 | 6:19 pm
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Nucor is expected to announce its earnings with an estimated EPS of $1.49. The market is optimistic about a potential beat and positive guidance. Despite a past EPS beat, the stock price dropped 1.1% the next day. Analysts rate Nucor as 'Outperform' with a price target of $170.
Nucor's upcoming earnings announcement is highly anticipated, with analysts expecting an EPS of $1.49. The market is optimistic about a potential beat and positive guidance, which could drive the stock price up. Despite a past EPS beat, the stock price dropped, indicating that guidance and market sentiment are crucial. Analysts' 'Outperform' rating and a price target of $170 suggest a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100