- Nucor’s 1Q EPS forecast has missed estimates, expecting an EPS range of $3.55 to $3.65 against the estimated $3.70.
- During this quarter, Nucor has bought back approximately 5.5 million shares at an average price of $180.79.
- The company has returned roughly $1.13 billion to its shareholders in the form of share repurchases and dividend payments.
- Nucor is planning to release its earnings after the markets close on Monday, April 22.
- Currently, there are 8 buys, 5 holds, and 3 sells on Nucor’s stocks.
Nucor Corp on Smartkarma
Nucor Corporation, one of the leading steel and steel products companies, has been receiving positive analyst coverage on Smartkarma. According to Baptista Research, a top independent analyst on the platform, the company’s recent earnings report has shown strong financial results. In fact, 2023 has been marked as the third most profitable year for Nucor, following 2021 and 2022. This is a bullish sign for the company’s future growth.
The Q4 2023 earnings per share for Nucor stood at $3.16, while the annual EPS was reported to be $18. These numbers reflect a commendable performance by the company. Additionally, the net earnings over the past three years have surpassed the cumulative net earnings of the previous 20 years. This indicates a positive trend and reinforces the bullish sentiment surrounding Nucor on Smartkarma. With such promising growth drivers, it will be interesting to see how the company continues to perform in the coming years.
A look at Nucor Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Nucor Corp has a positive long-term outlook. Nucor Corp is a company that manufactures steel products, including carbon and alloy steel, steel joists, and metal building systems. The company has received a high score of 5 for growth, indicating that it is expected to continue expanding and developing in the future.
In addition, Nucor Corp also scored well in resilience and momentum, with scores of 4 for both categories. This suggests that the company is well-positioned to withstand any potential challenges and maintain its momentum in the market. However, Nucor Corp received a lower score of 2 for dividends, which means that it may not be a top choice for investors seeking regular dividend payments.
Overall, Nucor Corp has a balanced mix of scores, with a value score of 3. This indicates that the company is not overvalued and could potentially offer good value for investors. With its strong growth prospects and ability to weather potential challenges, Nucor Corp is a company to watch in the steel manufacturing industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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