How Does Nucor's (NYSE:NUE) P/E Compare To Its Industry, After The Share Price Drop? [Yahoo! Finance News]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: Yahoo! Finance News
To the annoyance of some shareholders, Nucor NYSE:NUE All else being equal, a share price drop should make a stock more attractive to potential investors. While the market sentiment towards a stock is very changeable, in the long run, the share price will tend to move in the same direction as earnings per share. The implication here is that long term investors have an opportunity when expectations of a company are too low. Perhaps the simplest way to get a read on investors' expectations of a business is to look at its Price to Earnings Ratio PE Ratio). Investors have optimistic expectations of companies with higher P/E ratios, compared to companies with lower P/E ratios. View our latest analysis for Nucor How Does Nucor's P/E Ratio Compare To Its Peers? Nucor's P/E is 7.56. You can see in the image below that the average P/E 7.6) for companies in the metals and mining industry is roughly the same as Nucor's P/E. Nucor's P/E tells us that market participants think its prospects are ro
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News
- Increases to Nucor Corporation's (NYSE:NUE) CEO Compensation Might Cool off for now [Yahoo! Finance]Yahoo! Finance
- Nucor First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at BMO Capital Markets from $210.00 to $200.00. They now have a "market perform" rating on the stock.MarketBeat
- Nucor Corporation (NYSE:NUE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at JPMorgan Chase & Co. from $195.00 to $190.00. They now have a "neutral" rating on the stock.MarketBeat
NUE
Earnings
- 4/22/24 - Miss
NUE
Sec Filings
- 5/3/24 - Form 4
- 4/30/24 - Form 3
- 4/22/24 - Form 8-K
- NUE's page on the SEC website