NUE

Nucor Corporation is set to report Q3 2026 results on October 26, with consensus estimates projecting $10.53B in sales (up 23.6% YoY) and EPS of $5.71. The steel producer is expected to benefit from higher average selling prices and stable volumes in its Steel Mills and Steel Products segments, supported by rising U.S. steel prices and tight supply conditions. However, the company's earnings surprise model shows a 0.00% Earnings ESP, suggesting limited upside surprise potential.

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.

Nucor Corporation is expanding production capacity with major projects including a 3 million ton per annum sheet mill in West Virginia expected to complete in late 2026. The company projects Q3 2026 earnings of $5.55-$5.65 per share, driven by higher steel prices and volumes.

U.S. steel prices have surged above $1,300 per short ton recently, benefiting major producers. Peer steel companies Steel Dynamics, Cleveland-Cliffs, and ArcelorMittal are also reporting strong earnings guidance and improved market conditions.

Zacks Research Daily features analysis of 12 major stocks on October 20, 2026. SAP benefits from strong AI strategy and large deal bookings despite underperformance, while Accenture faces economic uncertainty but gains from enterprise transformation demand.

Moody's outperforms its industry with strong earnings, while Peoples Bancorp shows margin expansion but faces credit risks. Additional coverage includes Nucor, Tenet Healthcare, Toast, and other companies with mixed growth prospects.

Steel Dynamics reported Q3 2026 earnings of $5.26 per share, missing the consensus estimate of $5.42, though revenues of $6.51 billion exceeded expectations by 6.60%. The stock has gained 42% year-to-date, outperforming the S&P 500's 11.9% gain.

With a Zacks Rank #3 (Hold) rating, the stock is expected to perform in line with the market. Peer Nucor is expected to report results on October 26 with anticipated earnings of $5.71 per share, representing 117.1% year-over-year growth.

Nucor (NUE) is expected to report Q3 2026 earnings of $5.71 per share, representing a 117.1% year-over-year increase, with revenues projected at $10.53 billion (+23.6% YoY). However, with an Earnings ESP of 0% and a Zacks Rank #1, the stock is not considered a compelling earnings-beat candidate. The company has beaten consensus estimates in 3 of the last 4 quarters, but recent analyst revisions show no deviation from consensus, making the upcoming earnings outcome difficult to predict.

Nucor Corporation (NUE) has been added to the Zacks Rank #1 (Strong Buy) list as of October 14, 2026. The steel producer saw upward earnings estimate revisions with consensus estimates increasing to $19.62 per share, forecasted earnings growth of 154.5%, and sales expected to increase 24.9%. The stock has outperformed the S&P 500 with a 3.2% gain over four weeks.

Zacks highlights three stocks with Rank #1 buy ratings and strong momentum: Nucor Corporation (steel manufacturing) with 8.6% three-month gains and 6.5% earnings estimate increase; Cinemark Holdings (cinema exhibition) with 29.5% three-month gains and 7.3% earnings estimate increase; and Medifast Inc (weight management) with 10.0% three-month gains and 47.2% earnings estimate increase.

Zacks highlights three stocks with Rank #1 buy ratings and strong value characteristics: American Integrity Insurance Group (AII) with a P/E of 7.10 and 15.1% earnings estimate increase, Nucor Corporation (NUE) in steel manufacturing with a P/E of 12.85 and 6.5% earnings increase, and Cinemark Holdings (CNK) in cinema exhibition with a P/E of 14.72 and 7.3% next-year earnings increase.

Nucor Corporation announced a $105 million expansion of its Crawfordsville, Indiana utility structures facility, subject to regulatory approvals. The project will add over 120,000 square feet of manufacturing space with advanced automation and create 100 new jobs with average annual wages of $87,500. The expansion supports electric grid modernization and increasing electricity demands.

Nucor (NUE) gained 1.7% in recent trading, outperforming the S&P 500's 0.6% gain. The steel company is expected to report earnings of $5.85 per share on October 26, 2026, representing 122.43% year-over-year growth, with projected annual earnings of $18.89 per share (+145.01% YoY). Nucor holds a Zacks Rank #3 (Hold) rating with a Forward P/E of 13.03, trading at a PEG ratio of 0.87.

The Global X U.S. Infrastructure Development ETF (PAVE) is a passively managed fund with $13.91 billion in assets that tracks U.S. infrastructure companies. With a 0.47% expense ratio, strong year-to-date performance of 13.75%, and a Zacks ETF Rank of 2 (Buy), it offers diversified exposure to the Utilities-Infrastructure sector. The fund is heavily weighted toward Industrials (76.7%) with top holdings including Deere & Co, Nucor Corp, and Fastenal Co.

Cleveland-Cliffs stock surged 16.34% after reporting stronger Q3 results with adjusted EBITDA more than doubling to $612 million and raising its 2027 EBITDA outlook to exceed $4 billion. The strong performance boosted other domestic steel stocks, though Steel Dynamics fell after earnings missed estimates despite record shipments.

Cleveland-Cliffs stock surged over 16% after reporting adjusted earnings of $0.28 per share, beating estimates of $0.21. The company's adjusted EBITDA more than doubled to $612 million in Q3, with expectations to exceed $700 million in Q4. Strong steel prices and tariffs limiting imports are driving robust 2027 outlook with over $4 billion in projected adjusted EBITDA.

Five companies have been added to the Zacks Rank #1 (Strong Buy) list based on significant increases in consensus earnings estimates over the last 60 days. The stocks span multiple sectors including footwear, steel manufacturing, cloud computing, weight management, and insurance.

Carpenter Technology (CRS) achieved record operating margins of 37.8% in Q4 FY26, driven by productivity gains and pricing realization. The company projects FY27 operating income of $850-880M (up 21-25% YoY) and a FY29 target of $1.2-1.3B, supported by strong aerospace and defense demand (+15%) and industrial/consumer growth (+4.7%).