Nucor Corporation (NUE) is set to release third-quarter 2024 results after the closing bell on Oct. 21.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The U.S. steel giant surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once. NUE has a trailing four-quarter earnings surprise of 7.6%, on average. It posted an earnings surprise of 16% in the last reported quarter. Lower earnings in the steel mills segment on weaker selling prices are likely ...

The upcoming report from Nucor (NUE) is expected to reveal quarterly earnings of $1.40 per share, indicating a decline of 69.4% compared to the year-ago period. Analysts forecast revenues of $7.2 billion, representing a decrease of 17.9% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 21.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company revea ...

The market expects Nucor (NUE) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 21, 2024, might help the stock move higher if these key numbers are bett ...

CHARLOTTE, N.C., Oct. 8, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) third quarter earnings release, you are invited to listen to its live conference call with host Leon Topalian, Nucor's Chair, President and Chief Executive Officer. This conference call will include a review of Nucor's results for the third quarter ended September 28, 2024, followed by a question-and-answer session. The event will be available on the internet on October 22, 2024, at 10:00 a.m. Eastern Time.    What:       ...

Nucor Corporation’s (NUE) shares have tumbled 23.9% in the past six months, underperforming the Zacks Steel Producers industry’s decline of 17.4%. The bearishness reflects the choppiness in the steel space underpinned by the significant pullback in U.S. steel prices, which has led to a downward revision in NUE’s earnings estimates.NUE is currently trading at a roughly 26% discount to its 52-week high of $203 reached on April 9, 2024. Given the pullback in Nucor’s shares, investors might be tempted to snap u ...

Nucor Corporation (NUE) issued guidance for the third quarter of 2024. The company expects earnings per share (EPS) to range between 87 cents and 97 cents. After accounting for certain one time non-cash charges totaling approximately 43 cents per share, the adjusted EPS is projected to be between $1.30 and $1.40. This marks a notable decline compared with EPS of $2.68 in second-quarter 2024 and $4.57 in third-quarter 2023.The non-adjusted earnings guidance for third-quarter 2024 includes estimated one time ...

CHARLOTTE, N.C., Sept. 17, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its third quarter ending September 28, 2024. Nucor expects third quarter earnings to be in the range of $0.87 to $0.97 per diluted share. After adding back certain one-time non-cash charges totaling approximately $0.43 per diluted share, described below, we expect third quarter adjusted earnings per diluted share to be in the range of $1.30 to $1.40. Nucor reported net earnings of $2.68 per diluted sha ...

Core Viewpoint - Nucor Corporation is pursuing an expansionary strategy through acquisitions and capital expenditures, despite a bearish outlook for 2024 and declining average sales prices per ton sold. The company is considered undervalued, with significant upside potential in its stock price [2][3][26]. Company Overview - Nucor Corporation, established in 1958, is a major manufacturer of steel and steel products, and is recognized as North America's largest recycler, recycling approximately 18.4 million gross tons of scrap steel in 2023 [3]. Financial Performance - The company reported a 15% decrease in net sales for Q2 2024 compared to Q2 2023, with the average sales price per ton dropping 11% from $1,446 to $1,284. Total tons shipped decreased by 5% to approximately 6,289,000 tons [22]. - The steel mills segment backlog was approximately $3.27 billion in December 2023, up from $2.33 billion in December 2022. The backlog for the steel products segment was about $4.97 billion in December 2023 [6][12]. Acquisitions and Growth Strategy - Recent acquisitions, including C.H.I. for $3 billion, Cornerstone Building Brands' insulated metal panels business for $1 billion, and Hannibal for $370 million, are expected to enhance capacity and free cash flow potential [7][11]. - The company’s expansionary strategy aims to advance capabilities and create value, with a focus on growing core operations and pursuing inorganic growth through acquisitions [12][26]. Stock Repurchase Program - Nucor approved a $4 billion stock repurchase program in 2023, purchasing shares at an average price of $177, which is lower than the current stock price, indicating that the shares are considered undervalued [8][9]. Future Cash Flow Expectations - Free cash flow (FCF) is projected to grow from $3.8 billion in 2025 to $5.017 billion in 2031, supported by backlog growth and capacity expansion [12][14]. - The company’s enterprise value is estimated at $51 billion, with a fair price target of around $209 per share, suggesting significant upside potential compared to current trading levels [13][16]. Market Position and Valuation - Nucor's price-to-earnings (P/E) ratios are significantly lower than sector medians, indicating that the stock is undervalued relative to peers [16][20]. - The company’s diversified customer base mitigates risks associated with reliance on a few clients, allowing for better pricing power [5].

Nucor Corporation (NUE) benefits from actions to expand its production capabilities and grow its business through strategic acquisitions amid headwinds from weaker steel prices.NUE’s shares are down 19.2% year to date, compared with a 23.9% decline of its industry. The bearishness is partly due to the choppiness in the steel space as reflected by the significant retreat in U.S. steel prices due to a combination of demand slowdown and oversupply. Image Source: Zacks Investment ResearchLet’s find out why NUE ...

GCShutter Background In my 2023 article on Exxon Mobil, I discussed my issues with coal companies, specifically how metallurgical coal (met coal) companies are likely behind the curve and at risk of being disrupted by the transition away from coal and other fossil fuels: Coal companies seem content to say and do nothing [to transition to green energy], despite the even greater risks to coal as one of the dirtier and faster-declining fossil fuels … Case in point, coal companies Warrior Met Coal (HCC) and ...