Nucor (NUE) Q1 Earnings and Revenues Surpass Estimates

Core Viewpoint - Nucor (NUE) reported quarterly earnings of $0.77 per share, exceeding the Zacks Consensus Estimate of $0.68 per share, but down from $3.46 per share a year ago, indicating a significant decline in profitability [1][2] Financial Performance - The company achieved revenues of $7.83 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 8.52%, although this represents a decrease from $8.14 billion in the same quarter last year [2] - Nucor has consistently outperformed consensus EPS estimates over the last four quarters, achieving earnings surprises of 13.24% in the latest quarter and 90.63% in the previous quarter [1][2] Stock Performance and Outlook - Nucor shares have declined approximately 0.9% since the beginning of the year, contrasting with the S&P 500's decline of 6.1% [3] - The company's earnings outlook is favorable, with a current consensus EPS estimate of $2.31 on revenues of $8.03 billion for the upcoming quarter and $8.06 on revenues of $31.04 billion for the current fiscal year [7] Industry Context - The Steel - Producers industry, to which Nucor belongs, is currently ranked in the top 17% of over 250 Zacks industries, suggesting a positive industry outlook that could influence Nucor's stock performance [8] - The correlation between near-term stock movements and earnings estimate revisions is noted, indicating that tracking these revisions can provide insights into future stock performance [5][6]