Zacks Research Issues Negative Forecast for Nucor Earnings

Nucor Corporation (NYSE:NUE) – Analysts at Zacks Research cut their Q4 2026 earnings estimates for shares of Nucor in a note issued to investors on Monday, November 9th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings of $6.04 per share for the quarter, down from their previous forecast of $6.84. Zacks Research 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.

Several other equities analysts have also recently issued reports on the company. Barclays raised their price target on Nucor from $306.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. BMO Capital Markets boosted their price objective on Nucor from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. KeyCorp upped their target price on shares of Nucor from $286.00 to $301.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Freedom Broker upgraded shares of Nucor from a “hold” rating to a “buy” rating and upped their target price for the company from $285.00 to $304.00 in a research report on Friday, October 30th. Finally, Morgan Stanley set a $270.00 target price on shares of Nucor in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $287.38.

Nucor Trading Up 3.0%

NUE stock opened at $256.72 on Wednesday. The company has a market cap of $58.24 billion, a P/E ratio of 16.34, a PEG ratio of 0.61 and a beta of 1.81. Nucor has a twelve month low of $141.33 and a twelve month high of $287.70. The company has a quick ratio of 1.43, a current ratio of 2.46 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $255.28 and a 200-day moving average of $226.38.

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

Nucor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Wednesday, September 30th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.9%. Nucor’s payout ratio is 14.26%.

Insider Buying and Selling

In related news, insider Michael Keller sold 1,136 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $279.33, for a total value of $317,318.88. Following the completion of the sale, the insider owned 15,588 shares in the company, valued at approximately $4,354,196.04. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Noah Hanners sold 5,190 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $275.03, for a total value of $1,427,405.70. Following the completion of the sale, the executive vice president owned 44,073 shares of the company’s stock, valued at $12,121,397.19. This represents a 10.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 28,732 shares of company stock valued at $7,881,287 in the last three months. 0.62% of the stock is currently owned by company insiders.

Institutional Trading of Nucor

Hedge funds have recently modified their holdings of the company. Transamerica Financial Advisors LLC acquired a new stake in Nucor in the second quarter worth $25,000. Manning & Napier Advisors LLC acquired a new stake in Nucor during the 2nd quarter worth $27,000. Bell Investment Advisors Inc acquired a new stake in Nucor during the 2nd quarter worth $28,000. GK Wealth Management LLC bought a new position in Nucor during the third quarter worth about $28,000. Finally, Next Level Wealth Planning LLC bought a new position in Nucor during the third quarter worth about $28,000. 76.48% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Nucor

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.