Nucor First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]
Nucor Corporation (NUE)
Last nucor corporation earnings: 4/28 08:00 am
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US:NYSE Investor Relations:
nucor.com/investor
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Source: Yahoo! Finance
Net income: US$844.8m (down 25% from 1Q 2023). Profit margin: 10% (down from 13% in 1Q 2023). The decrease in margin was driven by lower revenue. EPS: US$3.48 (down from US$4.47 in 1Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Nucor Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 5.4%. Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.8% growth forecast for the Metals and Mining industry in the US. Performance of the American Metals and Mining industry. The company's shares are down 10% from a week ago. Risk Analysis We don't want to rain on the parade too much, but we did also find 2 warning signs for Nucor (1 makes us a bit uncomfortable!) that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editoria
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NUE
News
- Increases to Nucor Corporation's (NYSE:NUE) CEO Compensation Might Cool off for now [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at BMO Capital Markets from $210.00 to $200.00. They now have a "market perform" rating on the stock.MarketBeat
- Nucor Corporation (NYSE:NUE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Nucor Co. (NYSE: NUE) had its price target lowered by analysts at JPMorgan Chase & Co. from $195.00 to $190.00. They now have a "neutral" rating on the stock.MarketBeat
- Earnings Miss: Nucor Corporation Missed EPS By 5.4% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
NUE
Earnings
- 4/22/24 - Miss
NUE
Sec Filings
- 5/3/24 - Form 4
- 4/30/24 - Form 3
- 4/22/24 - Form 8-K
- NUE's page on the SEC website