CHARLOTTE, N.C., March 20, 2024 /PRNewswire/ -- Today, Nucor Corporation (NYSE: NUE) announced that it has signed an agreement with Mercedes-Benz to supply Econiq™-RE for Mercedes-Benz models produced at their Tuscaloosa, AL manufacturing plant. Since its inception in 2022, Econiq™ has led the global steel industry in certifying low-embodied carbon materials. By using Econiq™-RE, an evolutionary category of Econiq™ that certifies Nucor steel or steel products made with 100% renewable energy, greenhouse gas ...

In the latest market close, Nucor (NUE) reached $190.95, with a +0.61% movement compared to the previous day. This change outpaced the S&P 500's 0.57% gain on the day. Elsewhere, the Dow saw an upswing of 0.83%, while the tech-heavy Nasdaq appreciated by 0.39%.The steel company's shares have seen an increase of 2.27% over the last month, not keeping up with the Basic Materials sector's gain of 4.37% and the S&P 500's gain of 2.97%.Investors will be eagerly watching for the performance of Nucor in its upcomi ...

Nucor Corporation (NUE) issued its guidance for the first quarter ending on Mar 30, 2024. The company anticipates earnings in the range of $3.55-$3.65 per share. Compared with earnings of $3.16 per share reported in the fourth quarter of 2023, the midpoint of the guidance suggests a rise of 14%. However, on a year-over-year basis, earnings are expected to decline 19%.In the first quarter of 2024, Nucor expects an increase in the steel mills segment’s earnings, driven by higher average selling prices and vol ...

Nucor (NUE) shares rallied 3.5% in the last trading session to close at $188.48. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.3% loss over the past four weeks.Nucor's stock surged as the company unveiled its first-quarter guidance, ending Mar 30, 2024, in the range of $3.55-$3.65 per share. The midpoint of the range indicates a 13.9% sequential improvement. This will be driven by an uptick in earnings in ...

CHARLOTTE, N.C., March 14, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its first quarter ending March 30, 2024. Nucor expects first quarter earnings to be in the range of $3.55 to $3.65 per diluted share. Nucor reported net earnings of $3.16 per diluted share in the fourth quarter of 2023 and $4.45 per diluted share in the first quarter of 2023. The steel mills segment's earnings are expected to increase in the first quarter of 2024 due to higher average selling prices an ...

Nucor (NUE) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this steel company have returned -0.4%, compared to the Zacks S&P 500 composite's +2.7% change. During this period, the Zacks Steel - Producers industry, which Nucor falls in, has lost 0.7%. The key question now is: What could be the stock's future direction?While media releases or rumors about a ...

Nucor (NUE) ended the recent trading session at $184.65, demonstrating a -0.08% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.51% for the day. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.58%.The steel company's shares have seen an increase of 1.9% over the last month, not keeping up with the Basic Materials sector's gain of 4.25% and the S&P 500's gain of 2.94%.Analysts and investors alike will be keeping a close ...

Nucor (NUE) closed the latest trading day at $192.30, indicating a +0.06% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.52%. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq appreciated by 0.9%.The steel company's stock has climbed by 2.81% in the past month, exceeding the Basic Materials sector's loss of 0.45% and lagging the S&P 500's gain of 3.85%.Investors will be eagerly watching for the performance of Nucor in its upcom ...

A month has gone by since the last earnings report for Nucor (NUE) . Shares have added about 2.2% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Nucor due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Nucor's Earnings and Revenues Top Estimates in Q4Nucor reported ...

The Zacks Steel Producers industry has lost some momentum after enjoying a strong recovery during the final quarter of 2023 as steel prices have again come under pressure lately. Soft demand in China amid the economic slowdown is also a concern.However, a resilient non-residential construction market and improved demand in the automotive space augur well for the industry. Industry players like Nucor Corporation (NUE) , Steel Dynamics, Inc. (STLD) and Universal Stainless & Alloy Products, Inc. (USAP) are wor ...