Will Nucor (NUE) Beat Estimates Again in Its Next Earnings Report?

Core Insights - Nucor (NUE) is positioned to continue its earnings-beat streak, having achieved an average surprise of 48.53% over the last two quarters [1][4]. Earnings Performance - In the last reported quarter, Nucor's earnings were $1.22 per share, exceeding the Zacks Consensus Estimate of$0.64 per share, resulting in a surprise of 90.63% [2]. - For the previous quarter, Nucor was expected to post earnings of $1.40 per share but delivered$1.49 per share, achieving a surprise of 6.43% [2]. Earnings Estimates and Predictions - Nucor's earnings estimates have been trending higher, supported by its history of earnings surprises [4]. - The company currently has an Earnings ESP of +6.17%, indicating a bullish outlook from analysts regarding its earnings prospects [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong possibility of another earnings beat in the upcoming report [7]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6].