Nucor Shares Drop 1.8% to $177.40 as Q1 EPS Seen at $2.87 and EVP to Retire
Nucor shares fell 1.76% to $177.40, lagging the S&P 500’s 0.94% loss last session. Analysts project 2026 Q1 EPS of $2.87 (up 272.7% YoY) on revenue of $8.71 billion (+11.3%), and Executive VP Dan Needham will retire June 20 after 26 years with the company.
1. Stock Performance Decline
Nucor shares closed down 1.76% at $177.40, underperforming the S&P 500’s 0.94% slide. Over the past month, shares slipped 0.22% while the Basic Materials sector rose 12.9%, reflecting broader sector strength versus the company’s slight pullback.
2. Earnings and Revenue Forecasts
Analysts anticipate Q1 EPS of $2.87, a 272.7% increase year-over-year, on revenue of $8.71 billion, up 11.3%. Full-year consensus estimates call for $11.72 per share in earnings (+52.0%) and $35.09 billion in revenue (+8%), with a forward P/E of 15.41 and PEG of 0.65 versus industry averages of 13.27 and 0.54.
3. Executive Leadership Change
Daniel R. Needham, Executive Vice President of Commercial, will retire June 20, 2026 after nearly 26 years with the company. During his tenure, he advanced from controller roles to EVP, overseeing multiple operations and contributing to Nucor’s North American steel positioning.