Nucor Corporation (NYSE:NUE) manufacturer of steel products, is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.51 per share.
Looking ahead, the full year income are expected at $ 2.43 per share on the revenues of $ 19444.80 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.50 ~ $ 0.55 per share
Click Here For More Historical Outlooks Of Nucor Corporation
Previous Quarter Performance
Nucor Corporation recorded income for the second quarter of $ 0.36 per share, from the revenue of $ 4,327.00 million. The quarterly earnings dropped 71.43 percent while revenues contracted 26.61 percent compared with the same quarter last year.
Wall street analysts are predicting, NUE to report 2Q20 income of $ 0.13 per share from revenue of $ 4414.02 million. The bottom line results beat street analysts by $ 0.23 or 176.92 percent, at the same time, top line results fell short of analysts by $ 87.02 million or 1.97 percent.
Stock Performance
Shares of Nucor Corporation traded up $ 0.36 or 0.74 percent on Wednesday, reaching $ 48.87 with volume of 1.11 million shares. The stock opened positive for the day at $ 48.72, after closing the previous day trading at $ 48.51.
According to the previous trading day, closing price of $ 48.51, representing a 76.21 % increase from the 52 week low of $ 27.53 and a 17.36 % decrease over the 52 week high of $ 58.70.
The company has a market capital of $ 14.75 billion and is part of the Basic Materials sector and Steel industry.
Recent Analyst recommendations
- On 15th October 2020, downgraded by Exane BNP Paribas to Neutral from Outperform rating.
Conference Call
Nucor Corporation will be hosting a conference call at 2:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nucor.com
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.
