Nucor's Q4 Guidance Misses The Mark, Hit By Steel Slowdown; Stock Slides [Yahoo! Finance]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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Source: Yahoo! Finance
Nucor Corporation (NYSE: NUE ) shares are trading lower premarket today. On Monday, the company provided fourth-quarter guidance, expecting EPS of $0.55 – $0.65 vs. the consensus of $0.86 The primary factor driving the expected earnings decline is lower earnings in the steel mills segment due to decreased volumes and lower average selling prices The company projects earnings in the steel products segment to decline, reflecting the same trends. However, the raw materials segment is anticipated to see an increase in earnings, excluding the impairment charge from the third quarter of 2024. Nucor reported net earnings of $1.05 per share in the third quarter of 2024 and $3.16 per share in the fourth quarter of 2023. Notably, during the third-quarter earnings release , Nucor stated that it expects the fourth quarter earnings per share to decrease compared to $1.05 reported for the third quarter amid decreased steel mill segment earnings caused by lower average selling prices and de
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News
- US Steel Forecasts Weaker Earnings on ‘Depressed' Prices [Yahoo! Finance]Yahoo! Finance
- Nucor (NUE) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at Citigroup Inc. from $240.00 to $160.00. They now have a "buy" rating on the stock.MarketBeat
- Nucor Projects Q4 Earnings to Decline on Lower Selling Prices [Yahoo! Finance]Yahoo! Finance
- Electra and Interfer Sign MOU to Collaborate on Clean Iron and Green Steel Production [Yahoo! Finance]Yahoo! Finance
NUE
Earnings
- 10/21/24 - Miss
NUE
Sec Filings
- 11/22/24 - Form 4/A
- 11/13/24 - Form 4
- 11/12/24 - Form 144
- NUE's page on the SEC website