Nucor (NYSE:NUE) Issues Q3 2026 Earnings Guidance

Key Points

• Nucor guided for Q3 2026 EPS of $5.55–$5.65, below the consensus estimate of $6.17. The company did not provide specific revenue guidance.
• Nucor shares rose 1.9% to $265.55 following the update, while the stock remained near its 52-week high of $280.11.
• Wall Street maintains a “Moderate Buy” consensus, with 13 Buy ratings and three Holds and an average price target of $274.38.

Nucor (NYSE:NUE - Get Free Report) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (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 -.

Nucor Stock Up 1.9%

Shares of NYSE NUE traded up $4.87 during midday trading on Thursday, reaching $265.55. 969,077 shares of the company's stock traded hands, compared to its average volume of 1,570,707. The company has a market cap of $60.25 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 0.93 and a beta of 1.87. The stock's 50 day simple moving average is $253.65 and its 200-day simple moving average is $226.04. The company has a quick ratio of 1.36, a current ratio of 2.51 and a debt-to-equity ratio of 0.27. Nucor has a one year low of $131.32 and a one year high of $280.11.

Nucor (NYSE:NUE - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The basic materials company reported $4.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.46 by $0.38. The business had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.15 billion. Nucor had a return on equity of 12.73% and a net margin of 7.99%.The business's quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.60 earnings per share. On average, analysts predict that Nucor will post 18.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Seaport Research Partners upped their target price on Nucor from $245.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Wells Fargo & Company lowered their price target on shares of Nucor from $297.00 to $285.00 and set an "overweight" rating on the stock in a report on Monday, August 24th. Barclays raised their target price on Nucor from $272.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on Nucor from $294.00 to $308.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 9th. Finally, The Goldman Sachs Group increased their price objective on shares of Nucor from $260.00 to $284.00 and gave the company a "buy" rating in a report on Tuesday, June 16th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $274.38.

Insider Buying and Selling at Nucor

In related news, EVP Thomas Batterbee sold 4,000 shares of the company's 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 completion of the sale, the executive vice president owned 16,138 shares of the company's stock, valued at approximately $4,212,340.76. This represents a 19.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Stephen Laxton sold 3,968 shares of the 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 completion of the sale, the chief operating officer directly owned 77,867 shares of the company's stock, valued at approximately $20,008,704.32. This trade represents a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.62% of the stock is owned by insiders.

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.

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