Nucor Corp stock carries Q3 guidance below the USD 6.20 consensus
Published on 10/06/2026 at 17:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nucor Corporation (ISIN US6703461052) was trading at USD 249.76 on the NYSE at 11:04 a.m. EDT on October 6, 2026, down 0.65 percent from the prior close. The central issue for Nucor Corp stock is the company's third-quarter earnings guide of USD 5.55-5.65 per diluted share, which sits below the USD 6.20 estimate cited by Investing.com.
Q3 guide tests the earnings rebound
In its September 17, 2026 release, Nucor said third-quarter earnings should increase in the steel mills and steel products segments, supported by higher average selling prices and stable volumes. The raw materials segment is expected to weaken on lower pricing and shipments.
The guide also marks a sizable year-over-year step-up: Nucor reported USD 2.63 per diluted share for Q3 2025, while the new range starts at USD 5.55. The comparison is tempered by the second quarter's USD 130 million cash refund from earlier raw-material procurement costs, which the company said would not recur in Q3.
Analysts keep targets above the quote
KeyBanc lowered its price target to USD 286 from USD 288 while retaining an Overweight rating, according to Investing.com on October 5, 2026. The revised target lies 14.5 percent above the October 6 price, leaving the guidance gap as the nearer earnings test.
The consensus picture remains constructive. MarketScreener lists a Buy mean consensus from 17 analysts and an average target of USD 283.62; that target lies 13.6 percent above the current price.
Q2 results set the comparison
Nucor reported second-quarter 2026 net earnings of USD 5.04 per diluted share and adjusted net earnings of USD 4.84 per diluted share in the September 17 release. The adjusted figure excludes a USD 0.20 per-share non-cash benefit tied to the valuation of its Helion investment.
The company also said it repurchased 2.03 million shares at an average price of USD 247.04 during Q3 and returned USD 1.36 billion through repurchases and dividends in the first three quarters of 2026. That capital-return figure gives investors a second way to assess the stock while steel prices and segment costs shape the earnings outcome.
Results date is October 26
Nucor plans to release its Q3 2026 results after the market closes on October 26, 2026, followed by a conference call at 10:00 a.m. EDT on October 27, 2026, according to Nucor.
Nucor stock trades below its yearly high
Nucor stock was trading at USD 249.76 on the NYSE on October 6, 2026, with a market capitalization of USD 56.9 billion and volume of 216,818 shares. Its 52-week range was USD 131.32 to USD 280.11, placing the quote 10.8 percent below the yearly high.
Nucor Corp stock facts
- Company: Nucor Corporation
- ISIN: US6703461052
- Ticker: NUE
- Trading venue: NYSE
- Price (as of October 6, 2026, 11:04 a.m. EDT): USD 249.76
- Market capitalization: USD 56.9 billion (as of October 6, 2026)
- 52-week range: USD 131.32-280.11 (as of October 6, 2026)
- Sector / Industry: Basic Materials / Steel
Upcoming dates for Nucor Corp stock
- October 26, 2026: Q3 2026 earnings release
- October 27, 2026: Q3 2026 earnings conference call
