Nucor Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Nucor Corp (NYSE:NUE) will unveil its latest earnings on Thursday, January 26, 2012. Nucor and its affiliates manufacture steel and steel products for customers mainly located in North America.

Nucor Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 29 cents per share, a swing from a loss of 2 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 43 cents. Between one and three months ago, the average estimate moved down. It has risen from 28 cents during the last month. For the year, analysts are projecting net income of $2.33 per share, a rise of more than fivefold from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 6 cents, coming in at profit of 57 cents a share versus the estimate of net income of 51 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $4.77 billion in revenue this quarter, a rise of 23.9% from the year ago quarter. Analysts are forecasting total revenue of $19.93 billion for the year, a rise of 25.8% from last year’s revenue of $15.84 billion.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, one rating it as a sell and five rating it as a hold.

A Look Back: In the third quarter, profit rose more than sevenfold to $181.5 million (57 cents a share) from $23.5 million (7 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 26.9% to $5.25 billion from $4.14 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 28%, with the biggest boost coming in the first quarter when revenue rose 32.3% from the year earlier quarter.

Competitors to Watch: Steel Dynamics, Inc. (NASDAQ:STLD), AK Steel Holding Corp. (NYSE:AKS), United States Steel Corp. (NYSE:X), Universal Stainless & Alloy Products (NASDAQ:USAP), Grupo Simec S.A.B. de C.V. (AMEX:SIM), Gerdau SA (NYSE:GGB), Worthington Industries, Inc. (NYSE:WOR), Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) and Friedman Industries (AMEX:FRD).

Stock Price Performance: During November 21, 2011 to January 20, 2012, the stock price had risen $5.76 (15.5%) from $37.11 to $42.87. The stock price saw one of its best stretches over the last year between November 23, 2011 and December 7, 2011 when shares rose for 10-straight days, rising 16% (+$5.64) over that span. It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10-straight days, falling 15% (-$6.03) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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