Recap: Nucor Q3 Earnings

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.

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.

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).

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.

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