We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nucor Corporation (NUE - Free Report) is a leading producer of structural steel, steel bars, steel joists, steel deck and cold finished bars in the United States.
Earnings
Nucor’s earnings for the fourth quarter came in at $2.07 per share, which surpassed the Zacks Consensus Estimate of $1.93.
Revenues
Nucor’s net sales totaled $6,295.9 million, up roughly 24% year over year. The figure also outpaced the Zacks Consensus Estimate of $6,289.3 million.
Investors should note that the earnings estimate for Nucor for the fourth quarter have been going down over the past month. The company has beaten the Zacks Consensus Estimate in two of the trailing four quarters, while missing on two occasions, with an average positive surprise of 5.6%.
Key Stats/Developments to Note
Total steel mills shipments in the quarter were 5,888,000 tons, up 2% year over year. Total tons shipped to outside customers were up 2% year over year to 6,687,000 tons. Average sales price improved 21% year over year.
Nucor’s shares were up roughly 3.5% in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Nucor’s earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Nucor (NUE) Surpasses Q4 Earnings & Revenue Estimates
Nucor Corporation (NUE - Free Report) is a leading producer of structural steel, steel bars, steel joists, steel deck and cold finished bars in the United States.
Earnings
Nucor’s earnings for the fourth quarter came in at $2.07 per share, which surpassed the Zacks Consensus Estimate of $1.93.
Revenues
Nucor’s net sales totaled $6,295.9 million, up roughly 24% year over year. The figure also outpaced the Zacks Consensus Estimate of $6,289.3 million.
Nucor Corporation Price and EPS Surprise
Nucor Corporation Price and EPS Surprise | Nucor Corporation Quote
Estimate Trend & Surprise History
Investors should note that the earnings estimate for Nucor for the fourth quarter have been going down over the past month. The company has beaten the Zacks Consensus Estimate in two of the trailing four quarters, while missing on two occasions, with an average positive surprise of 5.6%.
Key Stats/Developments to Note
Total steel mills shipments in the quarter were 5,888,000 tons, up 2% year over year. Total tons shipped to outside customers were up 2% year over year to 6,687,000 tons. Average sales price improved 21% year over year.
Zacks Rank
Currently, Nucor has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. Meanwhile, you can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Market Reaction
Nucor’s shares were up roughly 3.5% in pre-market trading. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on Nucor’s earnings report!
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>