What is Zacks Research's Estimate for Nucor Q3 Earnings?

Key Points

• Zacks Research lowered its Q3 2026 EPS estimate for Nucor to $5.61, down from $5.90, and maintains a “Hold” rating. The firm forecasts full-year earnings of $18.89 per share.
• Nucor’s latest quarterly results exceeded expectations, with EPS of $4.84 versus the $4.46 consensus and revenue of $10.40 billion. Revenue increased 23% year over year.
• Analysts remain broadly positive, with 13 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $276.07; Nucor also announced a quarterly dividend of $0.56 per share.

Nucor Corporation (NYSE:NUE - Free Report) - Equities researchers at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for shares of Nucor in a research report issued to clients and investors on Monday, October 12th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $5.61 per share for the quarter, down from their previous forecast of $5.90. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Nucor's current full-year earnings is $18.89 per share. Zacks Research also issued estimates for Nucor's Q3 2027 earnings at $5.13 EPS, Q3 2028 earnings at $6.05 EPS and FY2028 earnings at $21.21 EPS.

Nucor (NYSE:NUE - Get Free Report) last released its 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. Nucor had a return on equity of 12.73% and a net margin of 7.99%. The company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.15 billion. During the same period in the prior year, the firm posted $2.60 EPS. Nucor's quarterly revenue was up 23.0% on a year-over-year basis.

A number of other brokerages also recently issued reports on NUE. The Goldman Sachs Group reduced their price objective on shares of Nucor from $304.00 to $302.00 and set a "buy" rating on the stock in a research note on Friday, September 18th. JPMorgan Chase & Co. dropped their target price on shares of Nucor from $308.00 to $296.00 and set an "overweight" rating for the company in a research report on Friday. BMO Capital Markets upped their price target on shares of Nucor from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Wells Fargo & Company cut their price target on shares of Nucor from $285.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, September 18th. Finally, Morgan Stanley set a $270.00 price target on shares of Nucor in a research report on Wednesday, July 29th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $276.07.

Nucor Trading Up 0.7%

NUE opened at $252.00 on Tuesday. Nucor has a twelve month low of $131.32 and a twelve month high of $280.11. The company has a 50-day simple moving average of $255.14 and a 200 day simple moving average of $235.98. 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 stock has a market capitalization of $57.17 billion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 0.89 and a beta of 1.84.

Nucor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.24 annualized dividend and a yield of 0.9%. Nucor's payout ratio is presently 17.86%.

Insider Activity

In other news, COO Stephen Laxton sold 3,968 shares of the 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Batterbee sold 4,000 shares of Nucor stock in a transaction dated 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 sale, the executive vice president directly owned 16,138 shares in the company, valued at $4,212,340.76. The trade was a 19.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Nucor

A number of institutional investors have recently added to or reduced their stakes in the business. Venture Visionary Partners LLC grew its holdings in shares of Nucor by 2.4% in the third quarter. Venture Visionary Partners LLC now owns 1,932 shares of the basic materials company's stock valued at $452,000 after acquiring an additional 46 shares in the last quarter. RKL Wealth Management LLC lifted its holdings in Nucor by 0.9% during the first quarter. RKL Wealth Management LLC now owns 5,318 shares of the basic materials company's stock worth $899,000 after acquiring an additional 48 shares during the period. Focus Financial Network Inc. lifted its holdings in Nucor by 3.6% during the second quarter. Focus Financial Network Inc. now owns 1,417 shares of the basic materials company's stock worth $316,000 after acquiring an additional 49 shares during the period. Avior Wealth Management LLC lifted its holdings in Nucor by 3.5% during the third quarter. Avior Wealth Management LLC now owns 1,506 shares of the basic materials company's stock worth $352,000 after acquiring an additional 51 shares during the period. Finally, Moody National Bank Trust Division boosted its position in Nucor by 4.6% in the second quarter. Moody National Bank Trust Division now owns 1,396 shares of the basic materials company's stock worth $311,000 after purchasing an additional 62 shares during the last quarter. 76.48% of the stock is owned by institutional investors.

Nucor Company Profile

Nucor Corporation is a Charlotte, North Carolina-based steel producer and one of the largest steel companies in North America. The company operates electric arc furnace (EAF) steel mills that use recycled scrap steel as a primary raw material, along with facilities that manufacture and process steel products for construction, manufacturing, transportation, energy and other industrial markets.

Nucor's product portfolio includes carbon and alloy steel in sheet, plate, bar and structural forms, as well as reinforcing steel, wire and wire mesh.

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.