Nucor Earnings: Here’s Why the Stock is Up Now

Nucor Corporation (NYSE:NUE) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Nucor Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 41.3% to $0.27 in the quarter versus EPS of $0.46 in the year-earlier quarter.

Revenue: Decreased 8.59% to $4.67 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Nucor Corporation reported adjusted EPS income of $0.27 per share. By that measure, the company missed the mean analyst estimate of $0.30. It beat the average revenue estimate of $4.59 billion.

Key Stats (on next page)…

Revenue increased 2.52% from $4.55 billion in the previous quarter. EPS increased 3.85% from $0.26 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 $0.59 to a profit $0.50. For the current year, the average estimate has moved down from a profit of $1.98 to a profit of $1.63 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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