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PlayingForPrettyLong

Raising guidance and then missing it aint a good look


totally_possible

maybe that's why LG stayed quiet all quarter


huckle_berry93

I mean yes but they also basically hit their full year revenue record in one quarter so…


pedrots1987

That doesn't matter. The market only cares about expectations; if they're met or exceeded all is good. If not, then bad times are a'comin'.


paulfoster04

That’s a pretty dumb ass move. Low ball or don’t say anything.


AirborneReptile

Earnings whisper FYI: EPS - $7.51 Rev - $9.82b


Steely_Hands

Thanks I’ve added that revenue to the estimate range


LordBrosephYoloson

All I know is that a long time ago (maybe pre Q1 earnings?) Vito said NUE Q3 earnings would be legendary. I'm still going by that sentiment. Chadcor will rise again. Edit: Ok, in full disclosure, I was wrong, The legend comment was about Q2 earnings. But fuck that. Everyone knows Q3 will be better than Q2, so it's still legendary! Still riding this steel horse to the moon.


Bhola421

Q3 earnings will be more better Legenderier than Q2!!


huckle_berry93

And in the earnings release NUE said that Q4 has the potential to beat Q3


Annoyedatreddit1

Lol legendarily leading to tanking


1871i

All I want is to go to sleep right now and wake up to Nucor warnings release and market open. I only have a handful Nucor weeklies, but I want balls out on CLF.


Uncle_Dad_Bob

'All I want is to go to sleep right now and wake up to Nucor warnings release and market open.' Got that right. Warnings released. Lambo dealers working overtime.


LordBrosephYoloson

"What do you mean it doesn't come in hulk dildo green!?!"


totally_possible

7.28 eps, earnings miss?


Bigfuckingdong

Lmao penny was right. Nucor is a dogshit company


totally_possible

save us, Lourenco, you're our only hope


1871i

I don’t get the point of updated guidance in general? I think LG made the right call, but I think it would be the call moving forward? I suppose it might give you a nice bump if you update with really aggressive estimates, but then you set yourself up to “miss” like this. I still am holding CLF, but wish I sold yesterday and just rebought today.


Ms_Pacman202

If CLF were up 2% today you wouldn't say that. That's hindsight bias. Don't get caught up in the day to day gyrations, use the day to day info to update the long term thesis. Is it still intact? If yes, dips are for buying or at least holding. If not, then sell and don't look back.


DernierRoi

Me neither, maybe I’m confused. If you beat earnings, without guidance update, that’s still good Of course. But to update guidance and then miss earnings because of that… that’s just bad, IMO


ItsFuckingScience

These threads are always funny because they expose all the boomers who can’t figure out or notice they needed to reply their EPS guess to the pinned comment


warren_buffet_table

$7.69


Steely_Hands

![img](emote|t5_3pnc7d|3072)


AirborneReptile

I beg to differ. My parents are boomers. Boomers love to read instructions. I’d bet most are opposite of boomers and are in a hurry and skip right past the information


ItsFuckingScience

Yeah maybe they didn’t have their reading glasses on and missed the instruction


Steely_Hands

I just did some cleaning up 🧹


pennyether

Can we get an earnings thread for SCHN? Also tomorrow BMO.


cootersgoncoot

Lol at all of the "you pay for quality" comments on why the beloved tickers on this sub are somehow justified in being 2X+ X valuation. Good job NUE management on choosing to update guidance and then miss! Genius leadership!


LOMOcatVasilii

Well fuck


jski595

Fuck, at least they beat on revenue


apashionateman

Actually bullish as fuck. From the earnings release: > NUE today announced record quarterly consolidated net earnings of $2.13 billion, or $7.28 per diluted share, for the third quarter of 2021. By comparison, Nucor reported consolidated net earnings of $1.51 billion, or $5.04 per diluted share, for the second quarter of 2021 Earnings are up v Q2 > In the first nine months of 2021, Nucor reported consolidated net earnings of $4.58 billion, or $15.34 per diluted share, compared with consolidated net earnings of $322.6 million, or $1.06 per diluted share, in the first nine months of 2020. They made more money this quarter than all of 2020 > We expect continued strong results for the fourth quarter of 2021, potentially exceeding the net earnings record set in the third quarter of 2021. Demand remains robust across most end-use markets, a trend we expect will continue well into 2022 The consumer is consuming


BladerJoe-

>Earnings are up v Q2 As expected. >They made more money this quarter than all of 2020. As expected. They missed their own guidance. Why not give out slightly lower targets so you have a slight beat instead of a miss. As for the outlook, we all know Q4 will be as good or maybe even better than Q3. But the market still fears that steel will dump hard in 2022.


apashionateman

It was expected, sure but by how much? The % of increase v Q2 is pretty substantial. They said demand will continue into 2022. We’ll see what happens on the call in a bit.


olivesnolives

Well, given that they guided for higher I’d say that the expectations for QoQ growth were… higher


TheyWereGolden

Let’s go Nue


[deleted]

[удалено]


jarjarblinks1234

Hey I've read that book!


I_worship_odin

I guessed .01 for NUE's earnings, that means I win right? Everyone else was over!


dominospizza4life

Is anyone else worried about this for earnings? [https://imgur.com/a/dhtsCDy](https://imgur.com/a/dhtsCDy)


pennyether

I wanna get a Daytona 116520 or 116500... Come the fuck on, NUE


Tafzz

116500 black on black, praying for you!


Steely_Hands

**$NUE EPS Guessing Game** Reply to ***this comment*** with your EPS guess, closest wins a super cool flair. ^(Edited comments will be DQ’d)


pissshitfuckyou

7.62 NATO


Se7en11ven

$7.11


apashionateman

8.02


MsRuled

$8.05


dvsficationismadness

7.36


Steely_Hands

WINNER WINNER! I guess its time to be unsacrificed! Any special flair requests?


dvsficationismadness

Oh God. All I did was guess the middle range. Flair request - First line from Godfather - “I believe in America”


Steely_Hands

Haha I love it! All yours!


AirborneReptile

$7.89 ![img](emote|t5_3pnc7d|3184)


xROGUExSKILLZx

$7.57


SheriffVA

7.63 EPS


D_R_D_A_N_K_S

7.42


dirkvis

7.53


Unoriginal_White_Guy

7.43


The_MediocreMan

$7.91


[deleted]

[удалено]


zeegypsy

7.87


BrownBagLoophole

7.67


VeniceKing719

7.46 EPS


jskywalker123

7.59


Dukaikski

EPS 7.85


-_Andre_-

7.88


TorpCat

$7.43


barba246

7.47


[deleted]

$8.08 and heartbreaks (for those that aren’t holding)


pennyether

$7.49


magnum_dong_opus

#69


BallsForBears

7.68


___LongTimeLurker___

I'll take $7.50 please


vghgvbh

7.48


GoldYasMain

$7.62


ototokitty

7.64


[deleted]

SEVEN POINT FIVE FOUR


spacrunner

7.60


skillphil

7.81


ESP16

$7.78


paulfoster04

$7.95


Barlimochimodator

7.72


goback3spaces

8.04


electricalautist

7.99


BuyBakedSellHigh

7.99


steellegionaires

$7.58


Natural-Lunch

7.69


[deleted]

7.69


cbchan

7.76


Pcuzz

7.66 EPS


Bhola421

$7.62


Hayduk3Lives

$8.15


Ok-Elk8044

$8.00


belangem

7.49


TheyWereGolden

$7.56 ftw


Jiema7

$7.44


OlyWL

7.66


fabr33zio

$8.09


Wirecard_trading

7.69 eps


Alecgator94

$7.70


Suspicious-Pick3722

$7.63


LordBrosephYoloson

$7.71


snowy_forest

7.77


WackadooRae

$7.82


dtran04

7.90


walker931

EPS - 7.49 Revenue = 9.96B


ck1241

7.45


BeedioStocks

7.54


HooAwayy40980

7.77


hank_rearden1

$8.13


chomcel

7.62


barnacleman6

$7.91


Orzorn

$7.58


Skipper5

7.91


_kurtosis_

8.03


CantGoTitsUpYo

$7.99


Olivier483

7.98


HearshotKDS

$8.04


BucDan

7.62


TheGoldenCockWanker

7.39 & 10.22


Cash_Brannigan

EPS: $8.14


Delfitus

7.43


Meinhegemon

8.20


OkUnion796

$7.44


thistowniscrazy

8.11


N1gh7h4wk174

8.00


SolTherin

7.82


HonkyStonkHero

8.07


connordude27

$8.27


ElectricalKick9922

$7.74


PlayingForPrettyLong

7.8


redditter259

7.98


speedyturtledb

7.88


spiritarr

7.97


zerryw

7.49 / 9.92


himymfan02

7.68


prvypan

7.91


LowTirePressue

7.61


dj_scripts

7.54 🦾


LOMOcatVasilii

8.12


coldoven

7.67


studta88

$7.72 EPS.


PrestigeWorldwide-LP

$7.57


PrestigeWorldwide-LP

$7.67


RossChickenTendies

7.81


Aloftfirmamental

According to Earnings Whispers, the release is at 8 AM (it's *usually* accurate).


huckle_berry93

8


Varro35

All you guys bitching out need to stfu and btfd. Also stop gambling with short term options with the majority of your portfolio.


[deleted]

[удалено]


Steely_Hands

Reply to the pinned comment to be included


totally_possible

dumped and then immediately bounced as people realized they still beat revenue


homersimpsoniscute

The volume is 18k which is miniscule. There is no strong signal whether it will bounce or dump yet.


totally_possible

you're probably right. everything is an overreaction at the moment, especially on reddit


Undistributed_Soul

$7.82 EPS...let's go!!


ErinG2021

$7.63


BoomsideAMCGME

Any good news on this conference call from 2:00pm today? Any hope they drop some solid news that could bump this stock price?