Nucor Third Quarter 2022 Earnings: Beats Expectations
Nucor (NYSE:NUE) Third Quarter 2022 Results
Key Financial Results
Revenue: US$10.5b (up 1.8% from 3Q 2021).
Net income: US$1.69b (down 20% from 3Q 2021).
Profit margin: 16% (down from 21% in 3Q 2021). The decrease in margin was driven by higher expenses.
EPS: US$6.51 (down from US$7.29 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nucor Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%.
Looking ahead, revenue is forecast to decline by 15% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the US are expected to remain flat.
Performance of the American Metals and Mining industry.
The company's shares are up 3.9% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Nucor (at least 1 which is a bit concerning), and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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