Benzinga | Oct 21, 2021 12:12PM EDT

Recap: Nucor Q3 Earnings



Nucor (NYSE: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.

Earnings

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.

Past Earnings Performance

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 2020EPS Estimate 4.74 3.09 1.18 0.51EPS Actual 5.15 3.10 1.30 0.67Revenue Estimate 8.31B 7.19B 5.34B 4.54BRevenue 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).

Guidance

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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