Published on 24 Apr 2024 on Simply Wall St. via Yahoo Finance
Earnings Miss: Nucor Corporation Missed EPS By 5.4% And Analysts Are Revising Their Forecasts
Nucor Corporation (NYSE:NUE) shareholders are probably feeling a little disappointed, since its shares fell 9.4% to US$175 in the week after its latest quarterly results. It looks like the results were a bit of a negative overall. While revenues of US$8.1b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 5.4% to hit US$3.46 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Nucor after the latest results.
See our latest analysis for Nucor
