What to Expect from Nucor

Seth Jayson, The Motley Fool
Updated

Nucor (NYS: NUE) is expected to report Q2 earnings on July 19. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Nucor's revenue will decrease 1.1% and EPS will decrease 48.9%.

The average estimate for revenue is $5.05 billion. On the bottom line, the average EPS estimate is $0.48.


Revenue details
Last quarter, Nucor recorded revenue of $5.07 billion. GAAP reported sales were 4.9% higher than the prior-year quarter's $4.83 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.42. GAAP EPS of $0.46 for Q1 were 8.0% lower than the prior-year quarter's $0.50 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 7.5%, 130 basis points worse than the prior-year quarter. Operating margin was 5.4%, 110 basis points worse than the prior-year quarter. Net margin was 2.9%, 40 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $20.12 billion. The average EPS estimate is $1.91.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS. Among 527 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 511 give Nucor a green thumbs-up, and 16 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nucor is outperform, with an average price target of $48.56.

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The article What to Expect from Nucor originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Nucor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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