Nucor NUE reported its Q3 earnings results on Thursday, October 21, 2021 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Nucor beat their estimated earnings by 1.25%, which did not surprise analysts.
Revenue was up $5,385,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.41, which was followed by a 0.51% increase in the share price the next day.
Here's a look at Nucor's past performance and the resulting price change:
Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
---|---|---|---|---|
EPS Estimate | 4.74 | 3.09 | 1.18 | 0.51 |
EPS Actual | 5.15 | 3.10 | 1.30 | 0.67 |
Revenue Estimate | 8.31B | 7.19B | 5.34B | 4.54B |
Revenue Actual | 8.79B | 7.02B | 5.26B | 4.93B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Nucor management provided guidance for their next quarter, expecting earnings between $7.3 and $7.4 per share for the nextquarter.
This represents a 0.96% in quarter-over-quarter growth for Nucor, a bullish signal to many investors.
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
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