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How Do Analysts Rate Nucor This Earnings Season?

Mohit Oberoi, CFA - Author

Aug. 18 2020, Updated 5:29 a.m. ET

Analysts’ rating

Previously, we saw analysts’ ratings and target prices for Steel Dynamics (STLD). In this part, we’ll see how analysts rate Nucor (NUE). It’s expected to release its 1Q17 financial results on April 20.

According to consensus estimates compiled by Thomson Reuters, Nucor has a mean one-year price target of $68.23—12.3% upside over its closing price on April 7, 2017. Of the 15 analysts surveyed by Thomson Reuters, ten recommended Nucor stock as a “buy” or some equivalent, while one analyst recommended a “sell” on the stock. A total of 27% of the analysts recommended a “hold” on the stock. In contrast, U.S. Steel Corporation (X) received “hold” recommendations from 40% of the analysts polled by Thomson Reuters, while 47% of the analysts rate U.S. Steel Corporation as a “buy.”

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1Q17 guidance

Nucor expects to post EPS (earnings per share) between $1.10 and $1.15 in 1Q17. To put it in context, the company posted EPS of $0.50 in 4Q16 and $0.27 in 1Q16. Steel market conditions (MT) have been strong in the US in 1Q17. US steel prices also rose in March after a small downward correction in the previous month.

Analysts might notice improved steel market conditions. Nucor could see some upgrades after its 1Q17 earnings. Notably, some analysts raised Nucor’s target price after its 4Q16 earnings. Nucor’s 1Q17 guidance was also better than expected. Read Why Nucor and Steel Dynamics Expect Their 1Q17 Profits to Surge to learn more about Nucor’s 1Q17 guidance.

In the next part, we’ll see how analysts rate AK Steel (AKS).


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