Nucor Corporation reports results for the quarter ended September 30 - Earnings Summary

• Nucor Corporation NUE.N reported quarterly adjusted earnings of $5.69​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.63. The mean expectation of fourteen analysts for the quarter was for earnings of $5.92 per share. Wall Street expected results to range from $5.69 to $6.45 per share.

• Revenue rose 32% to $11.25 billion from a year ago; analysts expected $10.83 billion.

• Nucor Corporation's reported EPS for the quarter was $5.80​.

• The company reported quarterly net income of $1.32 billion.

• Nucor Corporation shares had risen by 10.4% this quarter and gained 58.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 14.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is also "buy"

• Wall Street's median 12-month price target for Nucor Corporation is $285.50, about 9.9% above its last closing price of $257.35

This summary was machine generated from LSEG data October 26 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)