Benzinga | Apr 21, 2021 10:52AM EDT

Earnings Outlook for Nucor

Nucor (NYSE:NUE) will be releasing its next round of earnings this Thursday, April 22. For all of the relevant information, here is your guide for Thursday's Q1 earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see Nucor reporting earnings of $3.09 per share on sales of $7.19 billion. Nucor reported a per-share profit of $0.99 when it published results during the same quarter last year. Sales in that period totaled $5.62 billion.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to post earnings in line with the consensus estimate when it reports Thursday, EPS would be up 212.12%. Sales would be have grown 27.84% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q4 2021 Q3 2020 Q2 2020 Q1 2020EPS Estimate 1.18 0.51 0.13 0.95EPS Actual 1.30 0.67 0.36 0.99Revenue Estimate 5.34 B 4.54 B 4.46 B 5.38 BRevenue Actual 5.26 B 4.93 B 4.33 B 5.62 B

Stock Performance

Over the last 52-week period, shares are up 109.41%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Nucor is scheduled to hold the call at 14:00:00 ET and can be accessed here.