Nucor Expects Q3 EPS Of $4.10 -$4.20, Est $4.65; Posted $6.50 Prior Year; Expects Largest Impact On Earnings To Occur At Its Sheet Mills
Portfolio Pulse from Benzinga Newsdesk
Nucor Corporation expects its Q3 earnings per share (EPS) to be between $4.10 and $4.20, which is lower than the estimated $4.65. This is also significantly lower than the $6.50 EPS posted in the same period last year. The company anticipates the largest impact on earnings to occur at its sheet mills.
September 14, 2023 | 8:35 pm
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NEGATIVE IMPACT
Nucor Corporation's lower than expected Q3 EPS could negatively impact its stock price in the short term. The largest impact on earnings is expected to occur at its sheet mills.
Nucor's lower than expected Q3 EPS indicates a potential decrease in profitability, which could lead to a decrease in its stock price. The fact that the largest impact on earnings is expected to occur at its sheet mills suggests that this segment of the company may be underperforming.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100