Nucor (NUE) reported $8.08 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 15.2%. EPS of $2.68 for the same period compares to $5.81 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $7.61 billion, representing a surprise of +6.17%. The company delivered an EPS surprise of +16.02%, with the consensus EPS estimate being $2.31.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Monday, July 22nd, 2024The sell-off we saw mid-last week appears to be addressed today. Even though major market indices are still below where they were, say, Thursday morning, the roughly -5% down-tick became a buying opportunity for a plurality of investors today. The Dow gained +127 points, +0.32%, while the S&P 500 gained +1.08%. The Nasdaq built back  from a week ago, +280 points or +1.58%, while small-caps once again felt their oats: the Russell 2000 grew +1.72% to a session high as of the close.We we ...

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]

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 ...

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 ...

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 ...

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 ...

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 ...

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 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 ...