• Earnings Per Share (EPS) for Q3 2024 was $1.49, surpassing consensus estimates despite a significant drop from the previous year.
• Revenue for the same period was $7.44 billion, exceeding expectations and demonstrating resilience in a challenging market.
• Financial Health indicators such as a price-to-earnings (P/E) ratio of 10.95 and a debt-to-equity ratio of 0.33 highlight Nucor's solid position.

Nucor Corporation (NYSE: NUE) is a leading player in the steel production industry, known for its innovative approach and extensive product range. The company operates in a competitive market, with key rivals including U.S. Steel and ArcelorMittal. Nucor's recent financial performance provides insights into its current market position and future prospects.

On October 21, 2024, Nucor reported earnings per share (EPS) of $1.05, which fell short of the estimated $1.50. Despite this, the company generated revenue of approximately $7.44 billion, surpassing the estimated $7.28 billion. This revenue figure, however, represents a 15.2% decline compared to the same period last year, as highlighted by Zacks.

Nucor's EPS for the third quarter of 2024 was $1.49, a significant drop from the $4.57 reported in the previous year. Despite the decrease, this EPS figure exceeded the consensus estimate of $1.40, resulting in a positive surprise of 6.43%. This marks the third time in the past four quarters that Nucor has surpassed consensus EPS estimates.

In terms of revenue, Nucor's $7.44 billion for the quarter ending September 2024 exceeded the Zacks Consensus Estimate by 3.33%. However, this is a decline from the $8.78 billion reported in the same period last year. Nucor has consistently outperformed consensus revenue estimates in the last four quarters, demonstrating its resilience in a challenging market.

Nucor's financial health is further underscored by its price-to-earnings (P/E) ratio of approximately 10.95 and a price-to-sales ratio of about 1.13. The company's debt-to-equity ratio of 0.33 indicates a relatively low level of debt compared to equity, while a strong current ratio of 2.93 suggests good short-term financial health and liquidity.