Brokers Set Expectations for Nucor's Q1 Earnings (NYSE:NUE)

Key Points

• Zacks Research lowered Nucor’s Q1 2027 EPS estimate to $4.95 from $5.02 and projects full-year 2027 EPS of $18.83. The firm maintains a “Hold” rating.
• Nucor’s latest quarter exceeded expectations, with EPS of $4.84 versus the $4.46 consensus and revenue of $10.40 billion, up 23% year over year.
• Wall Street’s overall view remains favorable: 13 analysts rate the stock a Buy and three rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $272.38.

Nucor Corporation (NYSE:NUE - Free Report) - Equities researchers at Zacks Research decreased their Q1 2027 earnings estimates for shares of Nucor in a research report issued to clients and investors on Tuesday, September 8th. Zacks Research analyst Team now anticipates that the basic materials company will earn $4.95 per share for the quarter, down from their previous forecast of $5.02. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Nucor's current full-year earnings is $17.95 per share. Zacks Research also issued estimates for Nucor's Q2 2027 earnings at $5.16 EPS, Q3 2027 earnings at $5.23 EPS, Q4 2027 earnings at $3.50 EPS and FY2027 earnings at $18.83 EPS.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.38. The company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. Nucor had a net margin of 7.99% and a return on equity of 12.73%. The business's quarterly revenue was up 23.0% on a year-over-year basis. During the same period last year, the business posted $2.60 EPS.

Several other equities analysts have also issued reports on NUE. KeyCorp upgraded Nucor from a "sector weight" rating to an "overweight" rating and set a $274.00 price target on the stock in a research note on Wednesday, June 24th. Citigroup reissued a "buy" rating on shares of Nucor in a report on Wednesday, July 29th. Seaport Research Partners boosted their price objective on Nucor from $245.00 to $285.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. The Goldman Sachs Group upped their target price on Nucor from $260.00 to $284.00 and gave the company a "buy" rating in a research note on Tuesday, June 16th. Finally, Morgan Stanley set a $270.00 target price on Nucor in a research report on Wednesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $272.38.

Nucor Stock Down 1.8%

NYSE NUE opened at $256.49 on Wednesday. Nucor has a twelve month low of $131.32 and a twelve month high of $280.11. The stock has a market cap of $58.19 billion, a PE ratio of 20.45, a PEG ratio of 0.97 and a beta of 1.87. The firm has a 50-day simple moving average of $249.48 and a 200 day simple moving average of $222.65. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.36 and a current ratio of 2.51.

Insider Activity at Nucor

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

Institutional Investors Weigh In On Nucor

Several large investors have recently made changes to their positions in NUE. NewEdge Advisors LLC increased its position in shares of Nucor by 4.3% during the 2nd quarter. NewEdge Advisors LLC now owns 27,427 shares of the basic materials company's stock worth $6,109,000 after purchasing an additional 1,135 shares in the last quarter. Arizona State Retirement System boosted its position in Nucor by 2.4% in the second quarter. Arizona State Retirement System now owns 63,673 shares of the basic materials company's stock valued at $14,183,000 after buying an additional 1,476 shares in the last quarter. West Family Investments Inc. acquired a new position in Nucor in the second quarter valued at about $210,000. Empirical Finance LLC grew its stake in Nucor by 3.0% during the second quarter. Empirical Finance LLC now owns 8,887 shares of the basic materials company's stock worth $1,980,000 after buying an additional 256 shares during the last quarter. Finally, Nykredit A S bought a new stake in Nucor during the second quarter worth about $12,771,000. Institutional investors own 76.48% of the company's stock.

About Nucor

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.