Earnings Preview: Nucor

On Thursday, July 22, Nucor (NYSE:NUE) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street expects EPS of $4.74 and sales around $8.31 billion. In the same quarter last year, Nucor reported earnings per share of $0.36 on sales of $4.33 billion.

Why Analyst Estimates And Earnings Surprises Are Important

If the company were to match the consensus estimate when it reports Thursday, earnings would be up 1216.67%. Revenue would be up 92.05% from the year-ago period. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Over the last 52-week period, shares are up 119.48%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Nucor is scheduled to hold the call at 14:00:00 ET and can be accessed here.

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