Key PointsFirst-quarter manufacturing earnings are on watch as companies like Nucor give mixed signals. Within the trends, investors can find the true momentum behind the industry and why Nucor's business could push higher. Analysts see double-digit upside, and markets are willing to pay a premium for future revenues; here's why.5 stocks we like better than NucorAfter outperforming the Industrial Select Sector SPDR Fund NYSEARCA: XLI by more than 15% over the past five months, shares of Nucor Co. NYSE: NUE ...

Nucor Corporation (NYSE:NUE) Q1 2024 Results Conference Call April 23, 2024 10:00 AM ET Company Participants Jack Sullivan - General Manager and Investor Relations Leon Topalian - Chair, President and CEO Steve Laxton - Executive Vice President and CFO Dave Sumoski - Chief Operating Officer Noah Hanners - Executive Vice President, Raw Materials Brad Ford - Executive Vice President, Fabricated Construction Products John Hollatz - Executive Vice President, Bar and Rebar Fabrication Al Behr - Executive Vice Pr ...

Nucor Corporation (NUE) reported earnings of $3.46 per share in first-quarter 2024, down from earnings of $4.45 in the year-ago quarter. The bottom line missed the Zacks Consensus Estimate of $3.62.The company recorded net sales of $8,137.1 million, down around 7% year over year. The figure beat the Zacks Consensus Estimate of $8,030.1 million.  Operating FiguresTotal sales tons to outside customers for steel mills in the first quarter were 4,676,000 tons, down 3% year over year. The figure beat our estimat ...

Key TakeawaysNucor shares were down more than 6% in premarket trading Tuesday after the steel producer missed analysts' Q1 estimates and forecast a sequential decline in current-quarter earnings.The company sees the bottom line declining on a sequential basis in the current quarter due to lower average selling prices weighing on its steel mills segment.The Nucor share price finds a confluence of support around $179 from a multi-month horizontal line and the 38.2% Fibonacci retracement level. Shares in Nucor ...

For the quarter ended March 2024, Nucor (NUE) reported revenue of $8.14 billion, down 6.6% over the same period last year. EPS came in at $3.46, compared to $4.45 in the year-ago quarter.The reported revenue represents a surprise of +1.33% over the Zacks Consensus Estimate of $8.03 billion. With the consensus EPS estimate being $3.62, the EPS surprise was -4.42%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectation ...

Nucor (NUE) came out with quarterly earnings of $3.46 per share, missing the Zacks Consensus Estimate of $3.62 per share. This compares to earnings of $4.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.42%. A quarter ago, it was expected that this steel company would post earnings of $2.83 per share when it actually produced earnings of $3.16, delivering a surprise of 11.66%.Over the last four quarters, the company has s ...

Exhibit 99.1 News Release Nucor Reports Results for the First Quarter of 2024 First Quarter of 2024 Highlights • Net earnings attributable to Nucor stockholders of $844.8 million, or $3.46 per diluted share. • Net sales of $8.14 billion. • Net earnings before noncontrolling interests of $959.0 million; EBITDA of $1.50 billion. CHARLOTTE, N.C. – April 22, 2024 - Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $844.8 million, or $3.46 per diluted s ...

First Quarter of 2024 Highlights Net earnings attributable to Nucor stockholders of $844.8 million, or $3.46 per diluted share. Net sales of $8.14 billion. Net earnings before noncontrolling interests of $959.0 million; EBITDA of $1.50 billion. CHARLOTTE, N.C., April 22, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced consolidated net earnings attributable to Nucor stockholders of $844.8 million, or $3.46 per diluted share, for the first quarter of 2024. By comparison, Nucor reported co ...

Wall Street analysts forecast that Nucor (NUE) will report quarterly earnings of $3.62 per share in its upcoming release, pointing to a year-over-year decline of 18.7%. It is anticipated that revenues will amount to $8.04 billion, exhibiting a decline of 7.7% compared to the year-ago quarter.The current level reflects a downward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initi ...

In the latest trading session, Nucor (NUE) closed at $192.11, marking a -0.98% move from the previous day. This move lagged the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw an upswing of 0.41%, while the tech-heavy Nasdaq appreciated by 0.12%.The steel company's shares have seen an increase of 2.22% over the last month, surpassing the Basic Materials sector's gain of 0.24% and the S&P 500's loss of 0.9%.Investors will be eagerly watching for the performance of Nucor in its upcoming earnings disclos ...