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Nucor (NUE) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended December 2022, Nucor (NUE - Free Report) reported revenue of $8.72 billion, down 15.8% over the same period last year. EPS came in at $4.89, compared to $7.97 in the year-ago quarter.
The reported revenue represents a surprise of +10.29% over the Zacks Consensus Estimate of $7.91 billion. With the consensus EPS estimate being $4.18, the EPS surprise was +16.99%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Nucor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales Tons to outside customer (Steel)- Total Steel Mills: 4067 KTon versus 4255.7 KTon estimated by six analysts on average.
Sales Tons to outside customer (Steel)- Bars: 1365 KTon versus 1444.83 KTon estimated by three analysts on average.
Sales Tons to outside customer (Steel)- Structural: 373 KTon versus the three-analyst average estimate of 468.83 KTon.
Sales Tons to outside customer (Steel)- Plate products: 355 KTon versus the three-analyst average estimate of 359.45 KTon.
Sales in Tons Outside Customers-Joist: 174 KTon compared to the 150.12 KTon average estimate based on three analysts.
Sales in Tons Outside Customers-Deck: 127 KTon versus 121.39 KTon estimated by three analysts on average.
Sales in Tons Outside Customers-Cold Finished: 99 KTon compared to the 113.72 KTon average estimate based on three analysts.
Sales in Tons Outside Customers-Rebar fabrication products: 302 KTon versus 296.67 KTon estimated by three analysts on average.
Sales in Tons Outside Customers-Piling: 94 KTon versus the three-analyst average estimate of 100.36 KTon.
Sales in Tons Outside Customers-Tubular products: 215 KTon versus 204.53 KTon estimated by three analysts on average.
Average Steel Product Price per ton: 3230 $/Ton versus 2756.31 $/Ton estimated by three analysts on average.
Average sales price per ton (Steel)- Sheet: 961 $/Ton versus 969.6 $/Ton estimated by three analysts on average.
Shares of Nucor have returned +16.8% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Nucor (NUE) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2022, Nucor (NUE - Free Report) reported revenue of $8.72 billion, down 15.8% over the same period last year. EPS came in at $4.89, compared to $7.97 in the year-ago quarter.
The reported revenue represents a surprise of +10.29% over the Zacks Consensus Estimate of $7.91 billion. With the consensus EPS estimate being $4.18, the EPS surprise was +16.99%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Nucor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Nucor here>>>
Shares of Nucor have returned +16.8% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.