Cadence and Nucor Face High Expectations as REITs Welltower and Public Storage Also Report

Investors are bracing for a diverse set of quarterly earnings reports after Monday's close, with results due from software firm Cadence Design Systems (CDNS), steel producer Nucor (NUE), and real estate investment trusts Welltower (WELL) and Public Storage (PSA).

Consensus estimates for Cadence and Nucor have risen ahead of the print, setting a high bar for performance, while analysts have sent mixed or negative signals for the two REITs. All four companies report after the market close on October 26, according to Investing.com data.

Momentum Stocks Face High Bar

Cadence Design Systems and Nucor enter their earnings announcements with significant positive momentum and heightened investor expectations.

Cadence Design Systems (CDNS)

Cadence, a provider of electronic design automation software, has a strong track record, having beaten earnings per share (EPS) estimates in its last four quarters. However, with the stock gaining 3.38% during Monday's session, a simple beat may not be sufficient to drive shares higher.

• EPS Estimate: $2.04
• Revenue Estimate: $1.61 billion
• What to Watch: The key focus will be on the company's full-year 2026 outlook. Analysts will be comparing any new guidance against the current consensus of $8.15 in EPS and $6.32 billion in revenue.

Nucor (NUE)

The steel manufacturer has seen a significant upward revision in expectations, with the consensus EPS estimate climbing 19.4% over the past 90 days. Nucor beat analyst estimates in three of its last four reports, and its stock surged 7.30% following its last announcement.

• EPS Estimate: $5.80
• Revenue Estimate: $10.83 billion
• What to Watch: Investors will scrutinize management's commentary on steel pricing and volumes for clues about future performance. The current Q4 consensus points to a sequential decline, and the company's guidance will determine if that outlook is too conservative.

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REITs Navigate Mixed Outlooks

In the real estate sector, Welltower and Public Storage face different challenges, with investors looking past headline numbers for clearer signals on operational health and forward guidance.

Welltower (WELL)

For the healthcare-focused REIT, headline EPS can be volatile due to non-cash accounting items, making revenue a more reliable indicator of performance. While Welltower has surpassed revenue expectations in its last four quarters, its stock fell 3.37% after its last report, which featured a revenue beat but an EPS miss.

• EPS Estimate: $0.65
• Revenue Estimate: $3.66 billion
• What to Watch: Revenue trends and the forward outlook will be the primary focus, especially as the consensus revenue estimate has risen 7.05% in the last 90 days.

Public Storage (PSA)

The self-storage giant is contending with declining analyst expectations, with the consensus EPS estimate falling 5.42% over the past 30 days. Despite beating EPS estimates in each of the last four quarters, the stock has fallen after three of those reports, underscoring the market's focus on guidance over past performance.

• EPS Estimate: $2.35
• Revenue Estimate: $1.35 billion
• What to Watch: Same-store operating trends and the company's outlook are critical. The current consensus for the first quarter of 2027 is for EPS to dip to $2.21, and any guidance confirming or contradicting that trend will likely drive the stock's reaction.