NUE

Nucor Corporation announced a $60 million expansion of its Trinity, Alabama facility to boost utility infrastructure production. The project will add 60 jobs and increase production capacity for steel poles and utility structures. This expansion is part of Nucor's broader strategy to grow its Towers & Structures business, which includes a fourth facility in Utah expected to open in 2027.

Nucor (NUE) closed at $264.54, up 1.16%, outperforming the S&P 500. The steel company has gained 6.45% over the past month and is expected to report Q3 EPS of $5.71 (up 117% YoY) and revenue of $10.53 billion (up 23.59% YoY). With a Zacks Rank #1 (Strong Buy) rating and consensus estimates showing full-year earnings of $19.62 per share, the stock trades at a Forward P/E of 13.33, below its industry average.

Wall Street analysts predict Nucor will report Q3 earnings of $5.71 per share, up 117.1% year-over-year, with revenues forecasted at $10.53 billion (+23.6% YoY). EPS estimates have been revised upward 9.1% over the past 30 days. Key metrics show strong growth across steel products, mills, and raw materials segments, with increased sales volumes and higher average prices per ton across all steel categories.