Nucor guides Q4 EPS below consensus
- Co issues downside guidance for Q4 (Dec), sees EPS of $0.55-0.65 vs. $0.89 FactSet Consensus.
- The largest driver for the expected decrease in earnings in Q4 is the decreased earnings of the steel mills segment caused by decreased volumes and lower average selling prices.
- Co expects earnings in the steel products segment to decrease in Q4 vs Q3 due to decreased volumes and lower average selling prices. The earnings of the raw materials segment are expected to increase in Q4 vs Q3.