CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Nucor beats Q3 sales estimates on steel mills unit growth

By Reuters News


Overview

  • U.S. steelmaker's Q3 sales rose 32% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 missed analyst expectations

  • Company's steel mills and products earnings rose on higher prices and volumes; raw materials earnings fell


Outlook

  • Nucor expects Q4 2026 earnings to be in-line with or modestly higher than Q3

  • Company expects stable Q4 steel mills earnings with higher pricing and seasonally lower volumes

  • Raw materials segment expected to see slightly lower Q4 earnings due to lower DRI pricing


Result Drivers

  • STEEL MILLS PRICING AND VOLUMES - Co said higher average selling prices and increased volumes drove steel mills segment earnings

  • STEEL PRODUCTS VOLUMES AND PRICING - Co said higher volumes and higher average realized pricing boosted steel products segment earnings

  • RAW MATERIALS DECLINE - Co said lower pricing and shipments led to decreased earnings in raw materials segment


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Beat

$11.25 bln

$10.83 bln (10 Analysts)

Q3 Adjusted EPS

Miss

$4.84

$5.92 (9 Analysts)

Q3 EPS

$5.80


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the iron & steel peer group is "buy"

  • Wall Street's median 12-month price target for Nucor Corporation is $285.50, about 10.6% above its October 23 closing price of $258.11

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago


Reuters Recommended Reads

  • Oct 26 - Russia's Severstal says power restored at Belgorod region plant after drone attack


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.