Valued at a market cap of $28.5 billion, Nucor Corporation (NUE) manufactures and sells steel and steel products, including steel bars, steel joists, steel decks, and cold-finished bars. The Charlotte, North Carolina-based company also produces direct reduced iron (DRI) that is used in its steel mills. It is expected to announce its fiscal Q4 earnings results after the market closes on Monday, Jan. 27.
Ahead of this event, analysts project the steel company to report a profit of $0.63 per share, down significantly by 80.1% from $3.16 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on another occasion. In Q3, NUE’s adjusted EPS of $1.49 outpaced the forecasted figure by a notable margin of 6.4%.
