Report
Andrew Lane
EUR 147.86 For Business Accounts Only

Nucor's Third-Quarter Guidance in Line With Our Expectations; Fair Value Estimate Unchanged

Nucor's third-quarter guidance to earnings of $0.85 to $0.90 per share points to an increase from $0.71 in the same period last year and $0.73 in the second quarter. This outlook falls roughly in line with our own expectations, and we hold steady at our 2016 earnings estimate of $2.32 per share. Assuming that Nucor achieves the midpoint of its guidance range, our estimate implies fourth-quarter earnings of only $0.50 per share. Our $35 per share fair value estimate and no-moat rating are unchang...
Underlying
Nucor Corporation

Nucor manufactures steel and steel products. The company's operations include international trading and sales companies that buy and sell steel and steel products. The company's segments are: steel mills, which produces sheet steel, plate steel, structural steel, and bar steel; steel products, which produces hollow structural section steel tubing, electrical conduit, steel joists and joist girders, steel deck, cold finished steel, steel fasteners, metal building systems, and wire and wire mesh; and raw materials, which produces direct reduced iron (DRI), brokers ferrous and nonferrous metals, pig iron, hot briquetted iron and DRI, supplies ferro-alloys, and processes ferrous and nonferrous scrap metal.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lane

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