Zacks cuts Nucor stock estimate before October 26 results

Published on 10/16/2026 at 09:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nucor stock costs EUR 227.65 on October 16, 2026. Q3 earnings estimate is USD 5.61, with results due October 26 and a call on October 27.

Earnings test and analyst caution

Zacks Research cut its third-quarter estimate from USD 5.90 to USD 5.61 on October 12, 2026.
Nucor reported USD 10.40 billion in second-quarter revenue, up 23.00 percent year over year.
Nucor stock traded at EUR 227.65 at 9:38 a.m. CEST at Lang & Schwarz on October 16, 2026.
Nucor scheduled its third-quarter release for October 26, 2026, followed by a call on October 27, 2026.

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Nucor Corp (ISIN US6703461052) was trading at EUR 227.65 at Lang & Schwarz on October 16, 2026 at 9:38 a.m. CEST. On October 12, 2026, Zacks Research cut its third-quarter 2026 earnings-per-share estimate from USD 5.90 to USD 5.61, as MarketBeat reported.

Estimate cut adds tension

The revised estimate places the upcoming quarter below Zacks Research's earlier USD 5.90 view. The same report said Nucor held a Hold rating from Zacks Research, while the broader analyst picture remained more positive with 13 Buy ratings and four Holds.

The estimate cut matters because Nucor's second-quarter performance had exceeded expectations. MarketBeat reported second-quarter revenue of USD 10.40 billion, up 23.00 percent from the prior year, while earnings per share reached USD 4.84 against a USD 4.46 consensus estimate. That comparison gives the October report a higher bar, even as the latest estimate has moved lower.

What does the estimate imply?

Nucor's own September 17 guidance put third-quarter earnings between USD 5.55 and USD 5.65 per diluted share. In its release, Nucor said steel mills and steel products should improve, while raw materials earnings were expected to decline. The company also cited the absence of a USD 130 million procurement refund that benefited the second quarter.

Three dates define the setup

Nucor disclosed three dated developments in the period. On July 27, 2026, it reported the USD 4.84 second-quarter earnings-per-share result; on September 17, it issued the USD 5.55 to USD 5.65 guidance; and on October 12, Zacks Research reduced its estimate to USD 5.61. Each step narrows the question investors will take into the report.

The next two scheduled events are the third-quarter earnings release after the market close on October 26, 2026, and the conference call at 10:00 a.m. Eastern Time on October 27, 2026, according to Nucor.

Stock price and market context

The primary-market quote was last at USD 254.69 on October 15, 2026 at 4:00 p.m. ET, while the 52-week range stood at USD 131.32 to USD 280.11. The euro quote from Lang & Schwarz places the German trading perspective near the upper part of that USD range after the EUR/USD rate on October 15, 2026.

Nucor operates steel mills and fabricated-steel facilities across the United States, Canada and Mexico. Its latest guidance points to a split operating picture: steel mills and steel products are expected to improve, but raw materials and higher corporate expenses are expected to weigh on the total.

The further course of trading is shown by the continuously updated real-time quote of Nucor stock.