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.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Nucor Corporation (NUE): Free Stock Analysis Report
To read this article on Zacks.com click here.
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.
