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Nucor (NUE) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-07-22 22:45
分组1 - Nucor reported quarterly earnings of $2.68 per share, exceeding the Zacks Consensus Estimate of $2.31 per share, but down from $5.81 per share a year ago, indicating an earnings surprise of 16.02% [1] - The company generated revenues of $8.08 billion for the quarter, surpassing the Zacks Consensus Estimate by 6.17%, compared to $9.52 billion in the same quarter last year [1] - Over the last four quarters, Nucor has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [1] 分组2 - Nucor shares have declined approximately 6.6% year-to-date, while the S&P 500 has increased by 15.4% [2] - The current consensus EPS estimate for the upcoming quarter is $2.59, with expected revenues of $7.42 billion, and for the current fiscal year, the estimates are $10.72 per share on $30.77 billion in revenues [4] - The Steel - Producers industry is currently ranked in the bottom 16% of over 250 Zacks industries, indicating potential challenges for Nucor's stock performance [4]
Nucor(NUE) - 2024 Q2 - Quarterly Results
2024-07-22 21:13
Exhibit 99.1 News Release Nucor Reports Results for the Second Quarter of 2024 Second Quarter of 2024 Highlights • Net earnings attributable to Nucor stockholders of $645.2 million, or $2.68 per diluted share. • Net sales of $8.08 billion. • Net earnings before noncontrolling interests of $712.1 million; EBITDA of $1.23 billion. CHARLOTTE, N.C. – July 22, 2024 - Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $645.2 million, or $2.68 per diluted ...
Nucor Reports Results for the Second Quarter of 2024
Prnewswire· 2024-07-22 20:30
Second Quarter of 2024 HighlightsNet earnings attributable to Nucor stockholders of $645.2 million, or $2.68 per diluted share.Net sales of $8.08 billion.Net earnings before noncontrolling interests of $712.1 million; EBITDA of $1.23 billion.CHARLOTTE, N.C., July 22, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $645.2 million, or $2.68 per diluted share, for the second quarter of 2024. By comparison, Nucor reported consoli ...
Will Weaker Steel Prices Weigh on Nucor's (NUE) Earnings in Q2?
ZACKS· 2024-07-19 13:06
Nucor Corporation (NUE) is set to release second-quarter 2024 results after the closing bell on Jul 22.The U.S. steel giant surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once. It has a trailing four-quarter earnings surprise of 4.6%, on average. It posted a negative earnings surprise of 4.4% in the last reported quarter. Lower earnings in the steel mills segment on weaker selling prices and volumes are likely to have hurt its second-quarter results.Nucor’s share ...
Nucor Is Diversifying To Hedge In A Soft Steel Market
Seeking Alpha· 2024-07-16 06:38
serts Nucor Corporation (NYSE:NUE) is facing some major macroeconomic headwinds in the coming year as the business climate declines sharply into contractionary territory. Management expects further declining steel prices and will offset prices with higher volumes, which will likely lead to tighter margins with the increased costs. Despite these broader challenges, public policy may provide some relief in the coming years as infrastructure and construction projects break ground with the help of funding b ...
Earnings Preview: Nucor (NUE) Q2 Earnings Expected to Decline
ZACKS· 2024-07-15 15:06
Wall Street expects a year-over-year decline in earnings on lower revenues when Nucor (NUE) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 22, 2024, might help the stock move higher if these key numbers are better than expectations. On ...
Nucor Invites You to Join Its Second Quarter of 2024 Conference Call on the Web
Prnewswire· 2024-07-09 13:00
CHARLOTTE, N.C., July 9, 2024 /PRNewswire/ -- In conjunction with Nucor's (NYSE: NUE) second 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 second quarter ended June 29, 2024, followed by a question-and-answer session. The event will be available on the internet on July 23, 2024, at 10:00 a.m. Eastern Time.    What:    Nucor's S ...
Nucor (NUE) Projects Lower Q2 Earnings Amid Weaker Steel Prices
ZACKS· 2024-06-17 16:51
Nucor Corporation (NUE) has announced its guidance for the second quarter of 2024. The company expects earnings between $2.20 per share and $2.30 per share. This compares unfavorably with $3.46 in the first quarter of 2024 and $5.81 in the second quarter of 2023.The primary factor behind the anticipated decrease is reduced earnings in the steel mills segment, mainly due to lower average selling prices and, to a lesser extent, lower volumes. The steel products segment is also expected to see decreased earnin ...
Nucor Announces Guidance for the Second Quarter of 2024 Earnings
Prnewswire· 2024-06-14 11:30
CHARLOTTE, N.C., June 14, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its second quarter ending June 29, 2024. Nucor expects second quarter earnings to be in the range of $2.20 to $2.30 per diluted share. Nucor reported net earnings of $3.46 per diluted share in the first quarter of 2024 and $5.81 per diluted share in the second quarter of 2023.The largest driver for the expected decrease in earnings in the second quarter of 2024 as compared to the first quarter of 2024 i ...
Nucor Announces 205th Consecutive Cash Dividend
Prnewswire· 2024-06-06 13:00
CHARLOTTE, N.C., June 6, 2024 /PRNewswire/ -- The Board of Directors of Nucor Corporation (NYSE: NUE) declared the regular quarterly cash dividend of $0.54 per share on Nucor's common stock. This cash dividend is payable on August 9, 2024 to stockholders of record on June 28, 2024 and is Nucor's 205th consecutive quarterly cash dividend.About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced inclu ...