Nucor Corporation (NYSE:NUE) is set to release second-quarter 2022 results ahead of the bell on Jul 21.
The U.S. steel giant surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missed once. It has a trailing four-quarter earnings surprise of 2.2%, on average. It posted an earnings surprise of around 4.4% in the last reported quarter. The company is likely to have benefited in the second quarter from strong end-market demand and higher year-over-year sales prices.
Nucor's shares are up 26.2% over a year, compared with the industry's 22.4% decline.
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