Nucor Corp reports results for the quarter ended December 31 - Earnings Summary

• Nucor Corp NUE.N reported quarterly adjusted earnings of $1.22​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $3.16. The mean expectation of twelve analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 60 cents to 77 cents per share.

• Revenue fell 8.2% to $7.08 billion from a year ago; analysts expected $6.76 billion.

• Nucor Corp's reported EPS for the quarter was $1.22​.

• The company reported quarterly net income of $287 million.

• Nucor Corp shares had risen by 4.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 30.5% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the iron & steel peer group is also "buy"

Wall Street's median 12-month price target for Nucor Corp is $160.00

This summary was machine generated from LSEG data January 27 at 10:43 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)