Nucor, Steel Dynamics Slide After-Hours on Below-Consensus Q3 Guidance
NUE sits 96% above its 52-week low of $131.32.
Summary
Nucor guided Q3 EPS to $5.55-$5.65, below the $5.99 FactSet consensus but above Q2's $5.04. Steel Dynamics guided to $5.34-$5.38, below its $5.60 consensus. Both stocks fell after-hours: Nucor -3.7%, Steel Dynamics -3.4%. The guidance reflects higher steel prices and stable volumes, partially offset by higher costs. This follows Nucor's strong Q2 beat and tariff-driven optimism in July. Watch for actual Q3 results to confirm the guidance.
At the time of this announcement, NUE was trading at $256.94 on NYSE in the Manufacturing sector, with a market capitalization of approximately $60.2B. The 52-week trading range was $131.32 to $280.11. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.