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Nucor (NUE) Q2 Earnings and Revenues Top Estimates
NucorNucor(US:NUE) 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]