Nucor Corporation (NYSE:NUE) is reporting second quarter financial results on Thursday 23rd July 2020, before market open.
According to analysts surveyed by Thomson Reuters, NUE is expected to report 2Q20 income of $ 0.13 per share from revenue of $ 4414.02 million.
For the full year, analysts anticipate top line of $ 19310.80 million, while looking forward to income of $ 1.78 per share bottom line.
Previous Quarter Performance
Nucor Corporation communicated income for the first quarter of $ 0.99 per share, from the revenue of $ 5,624.00 million. The quarterly earnings shrunk 36.13 percent while revenues fell 7.29 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.95 per share from $ 5378.02 million in revenue. The bottom line results beat street analysts by $ 0.04 or 4.21 percent, at the same time, top line results outshined analysts by $ 245.98 million or 4.57 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of NUE was $ 42.26, representing a 53.51 % increase from the 52 week low of $ 27.53 and a 28.01 % decrease over the 52 week high of $ 58.70.
The company has a market capital of $ 12.73 billion and is part of the Basic Materials sector and Steel industry.
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Recent Analyst recommendations
On 10th June 2020, maintained by KeyBanc at Overweight rating, with $ 49.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.4025 per share on June 4, 2020. The dividend were payable on August 11, 2020 to holders of record as of the close of business on June 30, 2020 and ex-dividend date on June 29, 2020.
Conference Call
Nucor Corporation will be hosting a conference call at 2:00 PM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.nucor.com
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates in three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.
