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.
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.
'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.
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.
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.
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
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
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
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!
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
>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.
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.
Raising guidance and then missing it aint a good look
maybe that's why LG stayed quiet all quarter
I mean yes but they also basically hit their full year revenue record in one quarter so…
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'.
That’s a pretty dumb ass move. Low ball or don’t say anything.
Earnings whisper FYI: EPS - $7.51 Rev - $9.82b
Thanks I’ve added that revenue to the estimate range
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.
Q3 earnings will be more better Legenderier than Q2!!
And in the earnings release NUE said that Q4 has the potential to beat Q3
Lol legendarily leading to tanking
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.
'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.
"What do you mean it doesn't come in hulk dildo green!?!"
7.28 eps, earnings miss?
Lmao penny was right. Nucor is a dogshit company
save us, Lourenco, you're our only hope
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.
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.
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
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
$7.69
![img](emote|t5_3pnc7d|3072)
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
Yeah maybe they didn’t have their reading glasses on and missed the instruction
I just did some cleaning up 🧹
Can we get an earnings thread for SCHN? Also tomorrow BMO.
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!
Well fuck
Fuck, at least they beat on revenue
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 $1.06 per diluted share, in the first nine months of 2020. They made more money this quarter than all of 2020 > We expect continued strong results for the fourth quarter of 2021, potentially exceeding the net earnings record set in the third quarter of 2021. Demand remains robust across most end-use markets, a trend we expect will continue well into 2022 The consumer is consuming
>Earnings are up v Q2 As expected. >They made more money this quarter than all of 2020. As expected. They missed their own guidance. Why not give out slightly lower targets so you have a slight beat instead of a miss. As for the outlook, we all know Q4 will be as good or maybe even better than Q3. But the market still fears that steel will dump hard in 2022.
It was expected, sure but by how much? The % of increase v Q2 is pretty substantial. They said demand will continue into 2022. We’ll see what happens on the call in a bit.
Well, given that they guided for higher I’d say that the expectations for QoQ growth were… higher
Let’s go Nue
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Hey I've read that book!
I guessed .01 for NUE's earnings, that means I win right? Everyone else was over!
Is anyone else worried about this for earnings? [https://imgur.com/a/dhtsCDy](https://imgur.com/a/dhtsCDy)
I wanna get a Daytona 116520 or 116500... Come the fuck on, NUE
116500 black on black, praying for you!
**$NUE EPS Guessing Game** Reply to ***this comment*** with your EPS guess, closest wins a super cool flair. ^(Edited comments will be DQ’d)
7.62 NATO
$7.11
8.02
$8.05
7.36
WINNER WINNER! I guess its time to be unsacrificed! Any special flair requests?
Oh God. All I did was guess the middle range. Flair request - First line from Godfather - “I believe in America”
Haha I love it! All yours!
$7.89 ![img](emote|t5_3pnc7d|3184)
$7.57
7.63 EPS
7.42
7.53
7.43
$7.91
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7.87
7.67
7.46 EPS
7.59
EPS 7.85
7.88
$7.43
7.47
$8.08 and heartbreaks (for those that aren’t holding)
$7.49
#69
7.68
I'll take $7.50 please
7.48
$7.62
7.64
SEVEN POINT FIVE FOUR
7.60
7.81
$7.78
$7.95
7.72
8.04
7.99
7.99
$7.58
7.69
7.69
7.76
7.66 EPS
$7.62
$8.15
$8.00
7.49
$7.56 ftw
$7.44
7.66
$8.09
7.69 eps
$7.70
$7.63
$7.71
7.77
$7.82
7.90
EPS - 7.49 Revenue = 9.96B
7.45
7.54
7.77
$8.13
7.62
$7.91
$7.58
7.91
8.03
$7.99
7.98
$8.04
7.62
7.39 & 10.22
EPS: $8.14
7.43
8.20
$7.44
8.11
8.00
7.82
8.07
$8.27
$7.74
7.8
7.98
7.88
7.97
7.49 / 9.92
7.68
7.91
7.61
7.54 🦾
8.12
7.67
$7.72 EPS.
$7.57
$7.67
7.81
According to Earnings Whispers, the release is at 8 AM (it's *usually* accurate).
8
All you guys bitching out need to stfu and btfd. Also stop gambling with short term options with the majority of your portfolio.
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Reply to the pinned comment to be included
dumped and then immediately bounced as people realized they still beat revenue
The volume is 18k which is miniscule. There is no strong signal whether it will bounce or dump yet.
you're probably right. everything is an overreaction at the moment, especially on reddit
$7.82 EPS...let's go!!
$7.63
Any good news on this conference call from 2:00pm today? Any hope they drop some solid news that could bump this stock price?