What to Expect When Nucor (NUE) Reports Q2 Earnings

Nucor (NUE) is scheduled to post its 2016 second quarter results before Thursday’s market open.
By Kaya Yurieff ,

NEW YORK (TheStreet) -- Shares of Nucor (NUE) - Get Report are down 2.94% to $54.07 late Wednesday afternoon ahead of the company's 2016 second quarter results, due out before tomorrow's opening bell.

Wall Street is expecting the Charlotte, NC-based steel manufacturer to report earnings of 70 cents per share on revenue of $4.5 billion.

During the same quarter last year, Nucor earned 39 cents per diluted share on revenue of $4.36 billion.

Last month, the company announced earnings guidance for the quarter. Nucor said it projects earnings per diluted share to be between 65 cents and 70 cents.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share.

The team believes its strengths outweigh the fact that the company shows weak operating cash flow.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: NUE

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