Nucor Corp. Q2 2024 earnings guidance forecasts EPS of $2.20-$2.30, lower than consensus estimate and prior year's earnings.
Nucor Corp. (NUE) released Q2 2024 earnings guidance on Friday, forecasting EPS of $2.20-$2.30, significantly lower than the consensus estimate of $2.99. The company's shares traded down $0.71 on the day, hitting $153.41. Nucor's Q2 guidance falls short of the prior year's earnings of $5.81 per share, with lower average selling prices and reduced volumes at steel mills driving the expected decrease.
June 14, 2024
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