These Analysts Revise Their Forecasts On Nucor Following Q4 Results

Benzinga

29 Jan

Nucor Corp (NYSE:NUE) posted better-than-expected fourth-quarter financial results, after the closing bell on Monday.

Nucor reported fourth-quarter revenue of $7.08 billion, beating analyst estimates of $6.76 billion, according to Benzinga Pro. The steelmaker reported fourth-quarter earnings of $1.22 per share, beating analyst estimates of 65 cents per share.

"While steel demand softened throughout 2024, market conditions are starting to improve and should gain momentum as we work our way into 2025. The U.S. economy is still on the front end of several steel-intensive megatrends and as America's largest and most diversified steel producer, Nucor is well positioned to supply those needs," said Leon Topalian, chair, president and CEO of Nucor.

Nucor expects first-quarter earnings in the steel mills and steel products segments "to be similar" to the first quarter of 2024, while earnings in the raw materials segment are expected to decrease.

Nucor shares gained 3.8% to close at $126.55 on Tuesday.

These analysts made changes to their price targets on Nucor following earnings announcement.

Jefferies analyst Christopher LeFemina maintained Nucor with a Hold and raised the price target from $125 to $135.
JP Morgan analyst Bill Peterson maintained Nucor with an Overweight and lowered the price target from $152 to $150.

Considering buying NUE stock? Here’s what analysts think:

Read This Next:

How To Earn $500 A Month From Meta Platforms Stock Ahead Of Q4 Earnings

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The steelmaker reported fourth-quarter earnings of $1.22 per share, beating analyst estimates of 65 cents per share.</p>\n<p>\"While steel demand softened throughout 2024, market conditions are starting to improve and should gain momentum as we work our way into 2025. The U.S. economy is still on the front end of several steel-intensive megatrends and as America's largest and most diversified steel producer, Nucor is well positioned to supply those needs,\" said Leon Topalian, chair, president and CEO of Nucor.</p>\n<p>Nucor expects first-quarter earnings in the steel mills and steel products segments \"to be similar\" to the first quarter of 2024, while earnings in the raw materials segment are expected to decrease.</p>\n<p>Nucor shares gained 3.8% to close at $126.55 on Tuesday.</p>\n<p>These analysts made changes to their price targets on Nucor following earnings announcement.</p>\n<ul>\n<li>Jefferies analyst Christopher LeFemina maintained Nucor with a Hold and raised the price target from $125 to $135.</li>\n<li>JP Morgan analyst Bill Peterson maintained Nucor with an Overweight and lowered the price target from $152 to $150.</li>\n</ul>\n<p><strong>Considering buying NUE stock? Here’s what analysts think: </strong></p>\n<figure><img decoding=\"async\" height=\"495\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29092832/image-235-1024x495.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29092832/image-235-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29092832/image-235-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29092832/image-235-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29092832/image-235.png 1141w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>How To Earn $500 A Month From Meta Platforms Stock Ahead Of Q4 Earnings</strong></li>\n</ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.benzinga.com/25/01/43304217/these-analysts-revise-their-forecasts-on-nucor-following-q4-results","article_id":"2507663946","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507663946","pubTimestamp":1738160952,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4006":"钢铁","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4588":"碎股","NUE":"纽柯钢铁","LU0075056555.USD":"贝莱德世界矿业基金A2","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU1023059493.AUD":"Blackrock World Mining A2 AUD-H","LU0330918003.SGD":"Blackrock World Mining A2 SGD-H"},"translate_title":"这些分析师在第四季度业绩公布后修改了对纽柯钢铁的预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NUE":1},"content_text":"Nucor Corp (NYSE:NUE) posted better-than-expected fourth-quarter financial results, after the closing bell on Monday.\nNucor reported fourth-quarter revenue of $7.08 billion, beating analyst estimates of $6.76 billion, according to Benzinga Pro. The steelmaker reported fourth-quarter earnings of $1.22 per share, beating analyst estimates of 65 cents per share.\n\"While steel demand softened throughout 2024, market conditions are starting to improve and should gain momentum as we work our way into 2025. The U.S. economy is still on the front end of several steel-intensive megatrends and as America's largest and most diversified steel producer, Nucor is well positioned to supply those needs,\" said Leon Topalian, chair, president and CEO of Nucor.\nNucor expects first-quarter earnings in the steel mills and steel products segments \"to be similar\" to the first quarter of 2024, while earnings in the raw materials segment are expected to decrease.\nNucor shares gained 3.8% to close at $126.55 on Tuesday.\nThese analysts made changes to their price targets on Nucor following earnings announcement.\n\nJefferies analyst Christopher LeFemina maintained Nucor with a Hold and raised the price target from $125 to $135.\nJP Morgan analyst Bill Peterson maintained Nucor with an Overweight and lowered the price target from $152 to $150.\n\nConsidering buying NUE stock? Here’s what analysts think: \n\nRead This Next: \n\nHow To Earn $500 A Month From Meta Platforms Stock Ahead Of Q4 Earnings","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}

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