Commercial Metals Co. (CMC - Get Report) is expected to report adjusted net income of $72 million, or 62 cents a share, on sales of $1.6 billion before the market opens on Thursday, based on a FactSet survey of 11 analysts.
In the same period a year ago, the company posted earnings of 41 cents a share on sales of $1.2 billion. It reported net income of $9.8 million.
The stock has fallen 13% since the company last reported earnings on Mar. 21.
Quarterly estimates have risen 2.2 cents a share in the past month.
Commercial Metals is currently trading at a price-to-forward-earnings ratio of 7.8 based on the 12-month estimates of 11 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting adjusted net income of $70.7 million, or 67 cents a share, on sales of $1.6 billion.
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