Nucor (NUE) closed the most recent trading day at $98.62, moving +0.66% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.69%.Prior to today's trading, shares of the steel company had lost 12.72% over the past month. This has lagged the Basic Materials sector's loss of 4.01% and the S&P 500's loss of 2.58% in that time.NUE will be looking to display strength as it nears its next earnings release, which is expected to be October 21, 2021. The company is expected to report EPS of $6.93, up 1000% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $10.1 billion, up 104.91% from the year-ago period.NUE's full-year Zacks Consensus Estimates are calling for earnings of $21.29 per share and revenue of $35.54 billion. These results would represent year-over-year changes of +537.43% and +76.46%, respectively.Investors might also notice recent changes to analyst estimates for NUE. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 10.13% higher within the past month. NUE is currently sporting a Zacks Rank of #1 (Strong Buy).Investors should also note NUE's current valuation metrics, including its Forward P/E ratio of 4.6. This valuation marks a premium compared to its industry's average Forward P/E of 4.32.The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow NUE in the coming trading sessions, be sure to utilize Zacks.com. Tech IPOs With Massive Profit Potential In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names. For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way… If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November. With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.See Zacks Hottest Tech IPOs Now >>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.