Nucor's Q2 Earnings Beat Expectations, But Analyst Warns of Weaker Q3 Due to Lower Steel Prices
Nucor's Q2 Earnings Beat Expectations, But Analyst Warns of Weaker Q3 Due to Lower Steel Prices
Nucor Corporation (NYSE:NUE) shares are trading lower today. Yesterday, the company reported better-than-expected second-quarter financial results.
紐科鋼鐵公司（NYSE：NUE）股票今天交易較低。昨天，該公司報告了超預期的第二季度財務業績。
Nucor reported quarterly earnings of $2.68 per share, which beat the analyst consensus estimate of $2.35 by 14.04%. Quarterly sales came in at $8.08 billion, which beat the analyst consensus estimate of $7.69 billion by 5.13%.
Nucor第二季度每股收益爲2.68美元，比分析師共識估計高出14.04%。季度銷售額達到80.8億美元，比分析師共識估計高出5.13%。
Nucor anticipates a decline in third-quarter 2024 earnings compared to the second quarter, primarily due to lower average selling prices impacting the steel mills segment.
納科預計2024年第三季度盈利將比第二季度下降，主要是鋼鐵廠業務的平均售價下降所致。
KeyBanc Capital Markets analyst Philip Gibbs says that 3Q24 guidance suggests weaker earnings in Steel Products and Raw Materials than his current model.
KeyBanc資本市場分析師Philip Gibbs表示，第三季度2024年業績預告表明，鋼鐵製品和原材料的盈利弱於他目前的模型。
The analyst notes that NUE's average realized carbon sheet pricing/mix in 2024 remained above $1,000/t, compared to the current HRC spot price of ~$650/t and tandem product base prices of ~$875-$975/t (with NUE's mix being roughly 50% HRC).
該分析師指出，NUE在2024年的平均實現碳板價格/組合仍高於每噸約650美元的現貨價格和每噸約875-975美元的串聯產品基準價格（NUE的組合約佔50%的HRC）。
The analyst writes that this suggests NUE was shipping from a strong backlog. Additionally, the average realized plate pricing/mix exceeded $1,300/t, while the current baseline index pricing is $1,000-$1,050/t.
該分析師認爲，這表明NUE的出貨量來自強勁的積壓訂單。此外，平板的平均實現價格/組合超過每噸1300美元，而當前的基準指數價格爲1000-1050美元/噸。
Investors can gain exposure to the stock via VanEck Steel ETF (NYSE:SLX) and Carbon Collective Climate Solutions U.S. Equity ETF (NASDAQ:CCSO).
投資者可以通過VanEck鋼鐵ETF（NYSE：SLX）和Carbon Collective Climate Solutions美國股票ETF（NASDAQ：CCSO）獲得該股的收益。
Price Action: NUE shares are down 0.97% at $161.75 at the last check Tuesday.
價格行動：截至週二最後一次查詢，NUE股票下跌0.97%，至161.75美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
Image: Courtesy of Nucor Corporation
圖片：由紐柯鋼鐵公司提供