Nucor (NYSE:NUE) Releases Q3 2026 Earnings Guidance

Nucor (NYSE:NUE) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 5.550-5.650 for the period, compared to the consensus earnings per share estimate of 6.170. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NUE. Bank of America reduced their price objective on shares of Nucor from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, July 9th. BMO Capital Markets raised their target price on Nucor from $285.00 to $295.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. UBS Group upped their price target on Nucor from $224.00 to $256.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Citigroup reissued a “buy” rating on shares of Nucor in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Nucor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 25th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $274.38.

Nucor Trading Up 1.9%

Shares of NUE stock opened at $265.55 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. The firm has a market cap of $60.25 billion, a P/E ratio of 21.18, a PEG ratio of 0.94 and a beta of 1.87. The company has a 50 day moving average of $254.52 and a 200-day moving average of $226.67. Nucor has a 12-month low of $131.32 and a 12-month high of $280.11.

Nucor (NYSE:NUE) last announced its quarterly earnings data on Monday, July 27th. The basic materials company reported $4.84 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.38. The business had revenue of $10.40 billion during the quarter, compared to analyst estimates of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.Nucor’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.60 earnings per share. Sell-side analysts anticipate that Nucor will post 18.52 earnings per share for the current year.

Insider Transactions at Nucor

In related news, COO Stephen D. Laxton sold 3,968 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the sale, the chief operating officer directly owned 77,867 shares in the company, valued at approximately $20,008,704.32. This represents a 4.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas J. Batterbee sold 4,000 shares of Nucor stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $261.02, for a total transaction of $1,044,080.00. Following the completion of the transaction, the executive vice president owned 16,138 shares of the company’s stock, valued at $4,212,340.76. This represents a 19.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.62% of the company’s stock.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Nucor expects third-quarter earnings of $5.55 to $5.65 per diluted share, above the $2.63 reported in the year-ago quarter and higher than the prior quarter’s $5.04 net earnings. The forecast signals continued year-over-year improvement in steel-sector profitability. Nucor Announces Guidance for the Third Quarter of 2026 Earnings
• Positive Sentiment: Some market commentary identifies NUE as a momentum and potential value stock. A cash-flow analysis suggested the shares could be approximately 37% undervalued, while Zacks highlighted Nucor’s long-term momentum characteristics. These views may support investor demand. Nucor Stock May Be 37% Undervalued On Cash Flow
• Neutral Sentiment: Nucor’s previous quarter also exceeded analysts’ expectations, with adjusted EPS of $4.84 versus the $4.46 consensus and revenue of $10.40 billion versus $10.15 billion estimates. This provides a favorable earnings backdrop, although investors are now focused on the newer third-quarter outlook.
• Negative Sentiment: The midpoint of Nucor’s third-quarter EPS guidance, approximately $5.60, is below the analyst consensus of $6.17. The shortfall prompted an initial decline in after-hours trading and is the main factor weighing on the shares, even though earnings are expected to increase both sequentially and year over year. Nucor Projects Q3 2026 Earnings Above Prior Year, Below Estimates

Nucor Company Profile

Nucor Corporation is a Charlotte, North Carolina-based steel and steel products company. It manufactures carbon, alloy and stainless steel products, including sheet, plate, bar, structural steel, rail, wire rod, rebar and merchant bar. The company also produces steel joists, deck, beams, piling, wire products, fasteners, grating, metal building systems and other fabricated steel products.

Nucor operates an integrated network of electric arc furnace steel mills, recycling facilities and downstream manufacturing operations.