Nucor guides below consensus: JPMorgan targets Nucor stock at USD 308.00
Published on 10/02/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nucor (ISIN US6703461052) guided third-quarter 2026 diluted earnings to USD 5.55-5.65 per share on September 17, 2026, below the USD 6.17 consensus cited by PR Newswire and Yahoo Finance. The same guidance release set October 26, 2026 for the companys third-quarter results.
Guidance rises but trails estimates
The midpoint of Nucors range is USD 5.60 per diluted share, while the cited consensus is USD 6.17. That gap makes the upcoming report a test of whether stronger steel pricing can offset weaker raw-material earnings.
PR Newswire said Nucor expects earnings to improve in its steel mills and steel products segments during the third quarter of 2026, while raw-material earnings are expected to decrease. The split matters because it places the burden of improvement on the companys manufacturing operations rather than on every business line.
Second-quarter figures set the benchmark
Nucor reported USD 10.40 billion of revenue for the second quarter of 2026, up 23.00 percent from the year-earlier quarter, while quarterly earnings reached USD 4.84 per share against a USD 4.46 consensus, according to MarketBeat. Revenue therefore exceeded the USD 10.15 billion estimate by USD 0.25 billion, giving investors a concrete benchmark for the next release.
Analyst expectations remain higher than the companys near-term guide. MarketBeat reported that JPMorgan raised its target from USD 294.00 to USD 308.00 on September 9, 2026, while Wells Fargo later cut its target from USD 285.00 to USD 280.00 on September 18, 2026.
Price stays below yearly high
Nucor stock was trading at EUR 210.95 at Lang & Schwarz on October 2, 2026 at 1:17 p.m. CEST, up 0.50 percent versus the prior close of EUR 209.90 on October 1, 2026. The primary listing is on the NYSE, where the finance quote showed a USD 53.7 billion market capitalization, a 52-week range of USD 131.32 to USD 280.11 and a last price of USD 235.98 on October 1, 2026 at 4:00 p.m. ET.
The further course of trading is shown by the continuously updated real-time quote of Nucor stock.
Nucor stock facts
- Company: Nucor Corporation
- ISIN: US6703461052
- Ticker: NUE
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 2, 2026, 1:17 p.m. CEST): EUR 210.95
- Change versus prior close: plus 0.50 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 209.90
- Market capitalization: USD 53.7 billion (as of October 1, 2026)
- 52-week range: USD 131.32-280.11 (as of October 1, 2026)
- Sector / Industry: Basic Materials / Steel
- Index membership: S&P 500
- Next earnings date: October 26, 2026
