Evaluate the expected performance of Nucor (NUE) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Nucor (NUE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Nucor (NUE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Nucor (NUE 0.95%) is a steel company, and that has major implications for its financial performance, given the inherent cyclicality of the steel industry. However, Nucor has managed to achieve an incredible feat despite the cyclical nature of the industry in which it operates.
When it comes to the domestic steel industry, two companies stand out: Nucor (NUE 0.23%) and Steel Dynamics (STLD -0.11%). Both are well run and growing, but one is old and largely mature while the other is still relatively young and growing more quickly.
While NUE gains on its actions to grow through acquisitions and capacity expansion, lower steel prices weigh on its profitability.
An offer is probably months away from happening.
U.S. Steel (X) shares jumped Monday after a CNBC report that Cleveland-Cliffs (CLF) is teaming up with rival Nucor (NUE) for a potential bid for the company, whose $14.1 billion buyout by Nippon Steel was blocked by President Joe Biden recently.
Cleveland-Cliffs is partnering with peer Nucor to prepare a potential bid for U.S. Steel , CNBC reported on Monday, citing sources.
CNBC's David Faber delivers his latest Faber Report.
Cleveland-Cliffs partnering with Nucor on potential bid for U.S. Steel, sources say
The new $200 million Utah plant will be built on NUE's existing Brigham City location and is projected to employ 200 full-time workers.