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 (NUE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
For the quarter ended March 2023, Nucor (NUE - Free Report) reported revenue of $8.71 billion, down 17% over the same period last year. EPS came in at $4.45, compared to $7.67 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.5 billion, representing a surprise of +2.45%. The company delivered an EPS surprise of +16.80%, with the consensus EPS estimate being $3.81.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 4804 KTon versus the six-analyst average estimate of 4538.94 KTon.
Average Steel Product Price per ton: 2872 $/Ton versus 2995.97 $/Ton estimated by three analysts on average.
Sales in Tons Outside Customers - Cold Finished: 117 KTon versus 102.11 KTon estimated by three analysts on average.
Sales in Tons Outside Customers - Joist: 135 KTon versus 161.28 KTon estimated by three analysts on average.
Sales in Tons Outside Customers - Rebar fabrication products: 279 KTon compared to the 278.23 KTon average estimate based on three analysts.
Sales in Tons Outside Customers - Piling: 101 KTon versus 100.32 KTon estimated by three analysts on average.
Sales in Tons Outside Customers - Tubular products: 275 KTon compared to the 213.35 KTon average estimate based on three analysts.
Sales Tons to outside customer (Steel) - Sheet: 2384 KTon versus 2255.3 KTon estimated by three analysts on average.
Sales Tons to outside customer (Steel) - Bars: 1550 KTon versus the three-analyst average estimate of 1438.32 KTon.
Sales Tons to outside customer (Steel) - Structural: 440 KTon compared to the 441.62 KTon average estimate based on three analysts.
Sales Tons to outside customer (Steel) - Plate products: 430 KTon versus 403.69 KTon estimated by three analysts on average.
Average sales price per ton (Steel) - Sheet: 876 $/Ton versus 908.14 $/Ton estimated by three analysts on average.
Shares of Nucor have remained unchanged over the past month versus the Zacks S&P 500 composite's +6.2% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Nucor (NUE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended March 2023, Nucor (NUE - Free Report) reported revenue of $8.71 billion, down 17% over the same period last year. EPS came in at $4.45, compared to $7.67 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $8.5 billion, representing a surprise of +2.45%. The company delivered an EPS surprise of +16.80%, with the consensus EPS estimate being $3.81.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 4804 KTon versus the six-analyst average estimate of 4538.94 KTon.
- Average Steel Product Price per ton: 2872 $/Ton versus 2995.97 $/Ton estimated by three analysts on average.
- Sales in Tons Outside Customers - Cold Finished: 117 KTon versus 102.11 KTon estimated by three analysts on average.
- Sales in Tons Outside Customers - Joist: 135 KTon versus 161.28 KTon estimated by three analysts on average.
- Sales in Tons Outside Customers - Rebar fabrication products: 279 KTon compared to the 278.23 KTon average estimate based on three analysts.
- Sales in Tons Outside Customers - Piling: 101 KTon versus 100.32 KTon estimated by three analysts on average.
- Sales in Tons Outside Customers - Tubular products: 275 KTon compared to the 213.35 KTon average estimate based on three analysts.
- Sales Tons to outside customer (Steel) - Sheet: 2384 KTon versus 2255.3 KTon estimated by three analysts on average.
- Sales Tons to outside customer (Steel) - Bars: 1550 KTon versus the three-analyst average estimate of 1438.32 KTon.
- Sales Tons to outside customer (Steel) - Structural: 440 KTon compared to the 441.62 KTon average estimate based on three analysts.
- Sales Tons to outside customer (Steel) - Plate products: 430 KTon versus 403.69 KTon estimated by three analysts on average.
- Average sales price per ton (Steel) - Sheet: 876 $/Ton versus 908.14 $/Ton estimated by three analysts on average.
View all Key Company Metrics for Nucor here>>>Shares of Nucor have remained unchanged over the past month versus the Zacks S&P 500 composite's +6.2% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.