Nucor Q1 EPS $3.46 Misses $3.65 Estimate, Sales $8.14B Miss $8.26B Estimate
Portfolio Pulse from Benzinga Newsdesk
Nucor (NYSE:NUE) reported Q1 earnings of $3.46 per share, missing the consensus estimate of $3.65, and sales of $8.14B, below the expected $8.26B. This represents a decrease from the previous year's earnings and sales.
April 22, 2024 | 8:31 pm
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NEGATIVE IMPACT
Nucor's Q1 earnings and sales missed analyst estimates, indicating a potential negative short-term impact on its stock price.
Missing both earnings and sales estimates can lead to negative investor sentiment, potentially causing a short-term decline in Nucor's stock price. The year-over-year decrease in earnings and sales further compounds the potential for a negative reaction in the stock market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100