Charlotte, North Carolina-based Nucor Corporation (NUE) is a leading producer of structural steel, steel bars, steel joists, steel deck, and cold finished bars. With a market cap of $31.1 billion, Nucor operates through steel mills, steel products, and raw materials segments. The steel manufacturer is gearing up to announce its Q3 earnings after the market closes on Monday, Oct. 27.
Ahead of the event, analysts expect Nucor to report a profit of $2.16 per share, up 45% from $1.49 per share reported in the year-ago quarter. The company has a mixed earnings surprise history. While it missed the Street’s bottom-line estimates once over the past four quarters, it surpassed the projections on three other occasions.
