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An Overview of Nucor's Earnings

Nucor (NYSE:NUE) is gearing up to announce its quarterly earnings on Monday, 2024-10-21. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Nucor will report an earnings per share (EPS) of $1.49.

The announcement from Nucor is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

Last quarter the company beat EPS by $0.33, which was followed by a 1.1% drop in the share price the next 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 12.16%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Nucor

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

Nucor has received a total of 5 ratings from analysts, with the consensus rating as Outperform. With an average one-year price target of $170.0, ...