Will Weaker Steel Prices Weigh on Nucor's (NUE) Earnings in Q2?
Nucor(NUE) ZACKS·2024-07-19 21:06
Nucor Corporation (NUE) is set to release second-quarter 2024 results after the closing bell on Jul 22.The U.S. steel giant surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once. It has a trailing four-quarter earnings surprise of 4.6%, on average. It posted a negative earnings surprise of 4.4% in the last reported quarter. Lower earnings in the steel mills segment on weaker selling prices and volumes are likely to have hurt its second-quarter results.Nucor’s share ...