Will Weaker Steel Prices Hurt Nucor's (NUE) Earnings in Q4?
Nucor(NUE) Zacks Investment Research·2024-01-25 21:40
Nucor Corporation (NUE) is set to release fourth-quarter 2023 results after the closing bell on Jan 29.The U.S. steel giant surpassed the Zacks Consensus Estimate in each of the trailing four quarters. It has a trailing four-quarter earnings surprise of 11.3%, on average. It posted an earnings surprise of 7.3% in the last reported quarter. Lower earnings across the company’s segments and weaker selling prices are likely to have impacted its fourth-quarter results.Nucor’s shares are up 1.7% over a year, comp ...