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Nucor Stock Dives After Steelmaker Cuts Q3 Earnings Outlook
NucorNucor(US:NUE) Benzingaยท2025-09-17 21:32

Company Overview - Nucor Corp (NUE) shares are experiencing a decline in after-hours trading following the release of soft guidance for the third quarter, with expected earnings between $2.05 to $2.15 per share, significantly lower than the estimated $2.61 per share [1][2]. Earnings Forecast - The company anticipates a decrease in earnings across all three operating segments for the third quarter of 2025 compared to the second quarter of 2025. Steel mill earnings are expected to decline due to lower volumes and margin compression, while steel products earnings will decrease due to higher average costs per ton despite stable pricing and volumes. Additionally, raw material earnings are projected to fall due to reduced profitability in scrap processing operations [2]. Market Sentiment - Wall Street analysts generally view Nucor as a Buy, with Christopher LeFemina from Jefferies predicting a 25.93% increase in stock price over the next year [4]. - Over the past three months, Nucor's stock has risen by 10.56%, indicating improved investor sentiment regarding the company's attractiveness based on stock price and underlying fundamentals, including a 4.69% increase in revenue over the past year [5]. Stock Performance - As of the latest update, Nucor shares were down 5.11% in after-hours trading, priced at $135.50 [6]. - The company is scheduled to release its third-quarter financial results after market close on October 27 [3].