Nucor Expects Q4 EPS Of $2.75-$2.85 Vs. $3.2 Estimate; Expects Earnings To Fall YoY Owing To Lower Pricing And Volumes Across All Three Operating Segments
Portfolio Pulse from Benzinga Newsdesk
Nucor Corporation forecasts Q4 earnings per share (EPS) to be between $2.75 and $2.85, below the estimated $3.2. The company anticipates a year-over-year decline in earnings due to reduced pricing and volumes in all three operating segments.
December 14, 2023 | 12:35 pm
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Nucor Corporation expects its Q4 EPS to be lower than analyst estimates, with a decrease in earnings year-over-year attributed to reduced pricing and volumes in all segments.
Nucor's projected EPS for Q4 being below analyst expectations is likely to negatively impact investor sentiment in the short term. The anticipated year-over-year decline in earnings due to lower pricing and volumes is a significant factor that investors will consider, potentially leading to a decrease in stock price.
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