Nucor to Report Q1 Earnings: What's in the Offing for the Stock?

Core Viewpoint - Nucor Corporation is expected to report first-quarter 2025 results on April 28, with weaker selling prices likely impacting performance [1][8]. Financial Performance - Nucor has surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average earnings surprise of 27.2% [1]. - The company posted a significant earnings surprise of 90.6% in the last reported quarter [1]. - The consensus estimate for first-quarter adjusted earnings is between 50 cents and 60 cents per share, with a Zacks Consensus Estimate of 68 cents [4][5]. Revenue Expectations - The Zacks Consensus Estimate for first-quarter consolidated revenues is $7,215.4 million, reflecting an 11.3% year-over-year decline [7]. - The average sales price per ton for the steel mills unit is estimated at$ 923, indicating a 16.7% year-over-year decrease, while the steel products segment is pegged at $2,204 per ton, showing a 15.5% year-over-year decline [11]. Market Conditions - U.S. steel prices have seen a sharp decline, with benchmark hot-rolled coil (HRC) prices dropping over 40% last year, closing near$ 700 per short ton [9]. - Recent price hikes and tariffs have increased HRC prices to above $900 per short ton, but these benefits are not expected to reflect in first-quarter performance due to weak demand [10]. Earnings Prediction - The Earnings ESP for Nucor is +6.17%, indicating a potential earnings beat [4]. - Nucor currently holds a Zacks Rank 2 (Buy) [5].