Nucor (NUE) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Core Viewpoint - Wall Street anticipates a year-over-year decline in Nucor's earnings despite higher revenues, with a focus on how actual results will compare to estimates [1][2]. Earnings Expectations - Nucor is expected to report quarterly earnings of $2.53 per share, reflecting a year-over-year decrease of 5.6% [3][18]. - Revenue is projected to be $8.41 billion, which is an increase of 4.1% from the same quarter last year [3][18]. Estimate Revisions - The consensus EPS estimate has been revised 5.76% higher in the last 30 days, indicating a positive reassessment by analysts [4][19]. - The Most Accurate Estimate is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +2.41%, suggesting a bullish outlook on earnings [12][19]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10][11]. - Nucor's current Zacks Rank is 3 (Hold), which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [12][19]. Historical Performance - Nucor has consistently beaten consensus EPS estimates in the last four quarters, with a notable surprise of +13.24% in the most recent quarter [13][14][19]. Industry Context - Nucor is positioned within the Zacks Steel - Producers industry, where it is expected to deliver results that reflect both the challenges and opportunities in the steel market [18].