Nucor Corp (NYSE: NUE) has reported E.P.S. of $2.68 for its second fiscal quarter (ending June 30) versus $5.82 for the same period a year ago — a decline of -54%. Relative to the consensus estimate of $2.30, this was a premium of $0.38. For the latest four quarters through June 30, E.P.S. were $13.90 compared to $21.69 a year ago — a decline of -36%.
Recent Price Action
On 7/22/24, Nucor Corp (NYSE: NUE) stock rose modestly by 0.5%, closing at $163.34. This advance was accompanied by normal trading volume. The stock has risen 1.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
NUE is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Nucor has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Nucor has a very high Appreciation Score of 86 but a neutral Power Rating of 44, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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