Nucor Sees Q1 EPS $3.55-$3.65 vs $3.76 Est,
Portfolio Pulse from Benzinga Newsdesk
Nucor Corporation projects its Q1 earnings per share (EPS) to be in the range of $3.55-$3.65, which is below the estimated $3.76.
March 14, 2024 | 8:33 pm
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Nucor Corporation expects its Q1 EPS to fall short of the estimated $3.76, projecting a range of $3.55-$3.65.
Nucor's projection of a lower-than-expected EPS for Q1 suggests potential challenges in its financial performance or market conditions, which could lead to negative investor sentiment and a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100