Uncovering Potential: Nucor's Earnings Preview

Nucor (NYSE:NUE) will release its quarterly earnings report on Monday, 2024-10-21. Here's a brief overview for investors ahead of the announcement.

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

Investors in Nucor are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Earnings Track Record

During the last quarter, the company reported an EPS beat by $0.33, leading to a 1.1% drop in the share price on the subsequent 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%

Performance of Nucor Shares

Shares of Nucor were trading at $158.09 as of October 17. Over the last 52-week period, shares are up 12.65%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Opinions 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, the consensus ...