Nucor Earnings: Here’s What You Need to Know Now

Nucor Corporation (NYSE:NUE) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are flat.

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Nucor Corporation Earnings Cheat Sheet

Results: Net income decreased -0.12% to $136.9 million (43 cents per diluted share) in the quarter versus a net gain of $137.06 million in the year-earlier quarter.

Revenue: Decreased 7.86% to $4.45 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Nucor Corporation reported adjusted net income of 43 cents per share. By that measure, the company beat the mean analyst estimate of $0.31. It missed the average revenue estimate of $4.55 billion.

Interesting Insight: The average scrap and scrap substitute cost per ton used for the full year 2012 was $407, a decrease of 7% from $439 in 2011. The average scrap and scrap substitute cost per ton used in the fourth quarter of 2012 was $372, a decrease of 2% from $380 in the third quarter of 2012 and a decrease of 16% from $441 in the fourth quarter of 2011.

Key Stats:

Revenue decreased 7.32% from $4.8 billion in the previous quarter. Net income increased 24.1% from $110.31 million in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.66 to a profit $0.6. For the current year, the average estimate has moved down from a profit of $1.69 to a profit of $1.64 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)