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A Peek at Nucor's Future Earnings

Nucor (NYSE:NUE) is preparing to release its quarterly earnings on Monday, 2024-10-21. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Nucor to report an earnings per share (EPS) of $1.49.

Nucor bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

The company's EPS beat by $0.33 in the last quarter, leading to a 1.1% drop in the share price on the following day.

Here's a look at Nucor's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.35

3.65

2.87

4.25

EPS Actual

2.68

3.46

3.16

4.57

Price Change %

-1.0%

-9.0%

7.000000000000001%

5.0%

Tracking Nucor's Stock Performance

Shares of Nucor were trading at $158.09 as of October 17. Over the last 52-week period, shares are up 12.58%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Perspectives on Nucor

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Nucor.

The consensus rating for Nucor is Outperform, based on 5 analyst ratings. With an average one-year price ...