Nucor Sees Q3 Adj. EPS $1.30-$1.40, Says Largest Driver For Decrease In Q3 Earnings Is The Decreased Earnings Of The Steel Mills Segment, Due Primarily To Lower Average Selling Prices
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Nucor anticipates its Q3 adjusted EPS to be between $1.30 and $1.40, attributing the decrease in earnings primarily to lower average selling prices in its Steel Mills segment.
September 17, 2024 | 12:06 pm
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Nucor's projected Q3 adjusted EPS of $1.30-$1.40 reflects a decrease in earnings, mainly due to lower average selling prices in the Steel Mills segment.
The decrease in Nucor's earnings is directly linked to lower average selling prices in its Steel Mills segment, which is a significant part of its business. This is likely to negatively impact investor sentiment and the stock price in the short term.
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