Nucor Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Nucor (NYSE:NUE) will unveil its latest earnings tomorrow, Tuesday, January 29, 2013. Nucor and its affiliates manufacture steel and steel products for customers mainly located in North America.

Nucor Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 29 cents per share, a decline of 21.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 37 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 29 cents during the last month. Analysts are projecting profit to rise by 31.4% versus last year to $1.64.

Last quarter, the company came in at profit of 45 cents per share against a mean estimate of net income of 42 cents per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 2 cents.

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A Look Back: In the third quarter, profit fell 39.2% to $110.3 million (35 cents a share) from $181.5 million (57 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 8.6% to $4.8 billion from $5.25 billion.

Here’s how Nucor Fourth traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: