Nucor (NUE) Surpasses Q4 Earnings and Revenue Estimates

Core Viewpoint - Nucor (NUE) reported quarterly earnings of $1.22 per share, significantly exceeding the Zacks Consensus Estimate of $0.64 per share, but down from $3.16 per share a year ago, indicating a 90.63% earnings surprise [1][2] Financial Performance - Nucor's revenues for the quarter ended December 2024 were $7.08 billion, surpassing the Zacks Consensus Estimate by 7.24%, although this represents a decline from $7.7 billion in the same quarter last year [2] - Over the last four quarters, Nucor has exceeded consensus EPS estimates three times and topped revenue estimates four times [2] Stock Performance - Nucor shares have increased approximately 4.7% since the beginning of the year, outperforming the S&P 500's gain of 3.7% [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, with current consensus EPS estimates at $1.06 for the upcoming quarter and $7.76 for the current fiscal year [4][7] - The Zacks Rank for Nucor is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Steel - Producers industry, to which Nucor belongs, is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another competitor in the industry, United States Steel (X), is expected to report a quarterly loss of $0.15 per share, reflecting a significant year-over-year decline of 122.4% [9]