U.S. Markets open in 3 hrs 15 mins

Nucor (NUE) Surpasses Earnings & Revenue Estimates in Q1

Zacks Equity Research

Nucor Corporation NUE is a leading producer of structural steel, steel bars, steel joists, steel deck and cold finished bars in the United States.


Nucor’s adjusted earnings for the first quarter came in at $1.55 per share, which surpassed the Zacks Consensus Estimate of $1.50.


Nucor’s net sales totaled $6,096.6 million, up roughly 9.5% year over year. The figure also outpaced the Zacks Consensus Estimate of $6,034.1 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 first 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 2.8%.

Key Stats/Developments to Note

Total steel mills shipments in the quarter were 5,989,000 tons, down 4% year over year. Total tons shipped to outside customers fell 3% year over year to 6,767,000 tons. Average sales price improved 13% 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 0.3% 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!

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 7 stocks to watch. The report is only available for a limited time.

See 7 breakthrough stocks now>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Nucor Corporation (NUE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research