Nucor (NYSE:NUE) Updates 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 estimate of 6.170. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Bank of America dropped 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. Seaport Research Partners increased their target price on shares of Nucor from $245.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. The Goldman Sachs Group raised their price target on shares of Nucor from $260.00 to $284.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Morgan Stanley set a $270.00 price target on shares of Nucor in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company cut their price objective on Nucor from $297.00 to $285.00 and set an “overweight” rating on the stock in a research report on Monday, August 24th. Thirteen research 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 presently has an average rating of “Moderate Buy” and an average target price of $274.38.

Nucor Stock Up 1.9%

Shares of NYSE:NUE traded up $4.87 on Thursday, hitting $265.55. 969,077 shares of the company’s stock were exchanged, compared to its average volume of 1,570,707. Nucor has a 1-year low of $131.32 and a 1-year high of $280.11. The company has a market capitalization of $60.25 billion, a PE ratio of 21.18, a P/E/G ratio of 0.93 and a beta of 1.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.36 and a current ratio of 2.51. The firm’s 50-day moving average is $253.65 and its 200 day moving average is $226.04.

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

Insider Buying and Selling at Nucor

In related news, EVP Thomas Batterbee sold 4,000 shares of the 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 transaction, the executive vice president directly owned 16,138 shares of the company’s stock, valued at $4,212,340.76. This trade represents a 19.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Stephen Laxton sold 3,968 shares of Nucor stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $256.96, for a total transaction of $1,019,617.28. Following the sale, the chief operating officer owned 77,867 shares in the company, valued at $20,008,704.32. This represents a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.62% 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.