Nucor Stock Gets Reduced EPS Estimate from Zacks Research

Key Points

• Zacks cut its Q4 2026 EPS estimate for Nucor to $6.04 from $6.84, while retaining its “Strong-Buy” rating.
• Forecast revisions were mixed: Zacks raised its FY2027 EPS estimate to $21.46 from $19.44 but lowered its FY2028 estimate to $20.80 from $21.21.
• Nucor’s latest quarter missed EPS expectations slightly ($5.80 versus $5.84) but beat revenue estimates, with revenue rising 32% year over year. Analysts overall rate the stock “Moderate Buy,” with a consensus price target of $287.38.

Nucor Corporation (NYSE:NUE - Free Report) - Research analysts at Zacks Research decreased their Q4 2026 earnings per share (EPS) estimates for Nucor in a note issued to investors on Monday, November 9th. Zacks Research analyst Team now expects that the basic materials company will earn $6.04 per share for the quarter, down from their prior estimate of $6.84. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Nucor's current full-year earnings is $19.63 per share. Zacks Research also issued estimates for Nucor's Q1 2027 earnings at $6.42 EPS, Q3 2027 earnings at $5.28 EPS, FY2027 earnings at $21.46 EPS, Q1 2028 earnings at $5.19 EPS, Q3 2028 earnings at $5.50 EPS and FY2028 earnings at $20.80 EPS.

A number of other analysts have also recently weighed in on NUE. UBS Group upped their target price on shares of Nucor from $224.00 to $256.00 and gave the company a "neutral" rating in a research note on Tuesday, July 28th. The Goldman Sachs Group reissued a "buy" rating and issued a $335.00 price target on shares of Nucor in a research report on Wednesday, October 28th. Weiss Ratings upgraded shares of Nucor from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 15th. Barclays lifted their price objective on Nucor from $306.00 to $320.00 and gave the company an "overweight" rating in a report on Wednesday, October 28th. Finally, Morgan Stanley set a $270.00 price objective on Nucor in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Nucor presently has a consensus rating of "Moderate Buy" and a consensus price target of $287.38.

Nucor Price Performance

NYSE:NUE opened at $256.72 on Wednesday. The company has a 50-day moving average of $255.28 and a 200-day moving average of $226.38. The company has a market capitalization of $58.24 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.61 and a beta of 1.81. Nucor has a 52 week low of $141.33 and a 52 week high of $287.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.43 and a current ratio of 2.46.

Nucor (NYSE:NUE - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The basic materials company reported $5.80 earnings per share for the quarter, missing analysts' consensus estimates of $5.84 by ($0.04). The business had revenue of $11.25 billion for the quarter, compared to analyst estimates of $10.84 billion. Nucor had a return on equity of 15.53% and a net margin of 9.26%. The firm's quarterly revenue was up 32.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.63 EPS.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Private Wealth Asset Management LLC grew its holdings in shares of Nucor by 1,206.1% during the third quarter. Private Wealth Asset Management LLC now owns 1,711 shares of the basic materials company's stock worth $419,000 after purchasing an additional 1,580 shares during the last quarter. WealthTrust Axiom LLC bought a new position in shares of Nucor in the third quarter valued at about $405,000. Private Advisor Group LLC lifted its position in Nucor by 104.2% during the 3rd quarter. Private Advisor Group LLC now owns 22,253 shares of the basic materials company's stock worth $5,202,000 after buying an additional 11,358 shares in the last quarter. Focus Advisor Solutions LLC lifted its position in Nucor by 125.3% during the 3rd quarter. Focus Advisor Solutions LLC now owns 6,790 shares of the basic materials company's stock worth $1,587,000 after buying an additional 3,776 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in Nucor by 5.4% during the 3rd quarter. Independent Advisor Alliance now owns 13,201 shares of the basic materials company's stock worth $3,106,000 after buying an additional 682 shares in the last quarter. Institutional investors own 76.48% of the company's stock.

Insider Activity

In other news, EVP Allen C. Behr sold 11,846 shares of the company's stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $272.90, for a total value of $3,232,773.40. Following the sale, the executive vice president owned 58,022 shares of the company's stock, valued at approximately $15,834,203.80. This represents a 16.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Keller sold 1,136 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $279.33, for a total transaction of $317,318.88. Following the sale, the insider owned 15,588 shares of the company's stock, valued at $4,354,196.04. This trade represents a 6.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,732 shares of company stock worth $7,881,287 in the last quarter. 0.62% of the stock is owned by company insiders.

Nucor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Wednesday, September 30th were issued a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.24 annualized dividend and a dividend yield of 0.9%. Nucor's dividend payout ratio is presently 14.26%.

Nucor News Summary

Here are the key news stories impacting Nucor this week:

• Positive Sentiment: Zacks Research raised its FY2027 EPS estimate to $21.46 from $19.44 and increased forecasts for Q1 2027, Q3 2027 and Q1 2028. The firm maintained its “Strong-Buy” rating, supporting a more favorable view of near-term earnings potential. Nucor analyst estimates
• Neutral Sentiment: A report projects the global ferrous-scrap recycling market will expand through 2032, potentially benefiting steelmakers such as Nucor as electric-arc-furnace production and demand for recycled, lower-emissions steel grow. The report describes an industry opportunity, not a company-specific development. Ferrous scrap recycling market report
• Negative Sentiment: Zacks lowered its Q4 2026 EPS estimate to $6.04 from $6.84, Q3 2028 to $5.50 from $6.05, and FY2028 to $20.80 from $21.21. These cuts temper the positive 2027 revisions, though Zacks still rates the shares “Strong-Buy.” Nucor analyst estimates

Nucor Company Profile

Nucor Corporation is a U.S.-based steel and steel products manufacturer. Its steel mills produce sheet, plate, bar, structural steel and reinforcing bar used in construction, manufacturing, transportation and other industries. The company also makes downstream products such as steel joists, decking, fasteners, wire products and metal building components. Its operations include recycling ferrous scrap and producing direct reduced iron, materials used in steelmaking. Nucor traces its roots to 1905 and developed into a steel producer during the mid-20th century.

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