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Bartosiak: Trading Nucor's (NUE) Earnings with Options

On Tuesday, January 31st, Nucor (NUE) will release its fourth quarter earnings results before the bell. The company is a Zacks Rank 2 (Buy), and have a Value, Growth, and Momentum score of A.

Dave will look at Nucor's past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Nucor ahead of earnings.

Nucor in Focus

Nucor Corporation manufactures and sells steel products. Principal steel products are hot-rolled steel (angles, rounds, flats, channels, sheet, wide-flange beams, pilings, billets, blooms and beam blanks), cold-rolled steel, cold finished steel, steel joists and joist girders, steel deck, steel fasteners and steel grinding balls. Nucor is the largest recycler in the United States. Nucor and affiliates are manufacturers of steel products, with operating facilities in fourteen states.

Nucor is expected to report earnings at $0.34 per share according to the Zacks Consensus Estimate. Last quarter they missed earnings expectations by -2.22%. They reported earnings at $0.88 per share, missing their estimate of $0.90. They have an average earnings surprise of 23.16%.

Nucor Corporation Price, Consensus and EPS Surprise

Nucor Corporation Price, Consensus and EPS Surprise | Nucor Corporation Quote

Bottom Line

How should investors play Nucor ahead of their earnings report? For insights on the best options trades, then tune in at 1:00pm tomorrow to see David's thoughts.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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