The 10-second takeaway
For the quarter ended March 31 (Q1), Nucor met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved and GAAP earnings per share dropped.
Margins dropped across the board.
Nucor recorded revenue of $5.07 billion. The 15 analysts polled by S&P Capital IQ wanted to see a top line of $5.04 billion on the same basis. GAAP reported sales were 4.9% higher than the prior-year quarter's $4.83 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.46. The 20 earnings estimates compiled by S&P Capital IQ forecast $0.39 per share. GAAP EPS of $0.46 for Q1 were 8.0% lower than the prior-year quarter's $0.50 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 7.5%, 160 basis points worse than the prior-year quarter. Operating margin was 5.4%, 110 basis points worse than the prior-year quarter. Net margin was 2.9%, 40 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $5.31 billion. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $20.81 billion. The average EPS estimate is $2.75.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,148 members out of 2,231 rating the stock outperform, and 83 members rating it underperform. Among 576 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 561 give Nucor a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nucor is outperform, with an average price target of $48.56.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Nucor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.