Take the Under: $NUE

2024年7月22日

NUE is scheduled to announce earnings in the after market today 22 July 2024. Nucor pre-releases their estimated earnings per share which for the second quarter they are expected to report $2.30 in comparison to $5.81 per share last year.

With the company's guidance the 2024 expected EPS is $10.42. For 2025 analyst expect an EPS of 12.01. That translates to a EPS of about 15%.

10.42*15 = $156.3

A price of $156.3 doesn't translate to much downside with only a 3%. However that is based on analyst estimates which have underperformed for the last two quarters.

If you average the P/E ratio of Nucor over the last 7 years the P/E equals about 11. If we apply that to the 2024 estimated earnings it would be:

10.42*11 = $114

I would use these two P/E estimates of $156.3 and $114 as upper and lower bounds for Nucor.

Targets for trade are:

#1: $140
#2: $130

Stop Loss:

#1: $170

Entry Point:
>= $160

2024年8月23日

交易結束：目標達成

Target reached. Close trade.