Nucor Corp. (NUE) - Get Nucor Corporation Report is expected to report adjusted net income of $284.5 million, or 81 cents a share, on sales of $5.6 billion before the market opens on Tuesday, based on a FactSet survey of 13 analysts.
In the same period a year ago, the company posted earnings of $2.33 a share on sales of $6.7 billion. It reported net income of $680.2 million.
The company offered guidance of 75 cents to 80 cents a share on Sept. 16. Shares have fallen 2.8% since then.
The stock has fallen 5.5% since the company last reported earnings on July 18.
Quarterly estimates have fallen 12.3 cents a share in the past month.
In the upcoming quarter, analysts are forecasting adjusted net income of $227.1 million, or 75 cents a share, on sales of $5.2 billion.
Nucor is currently trading at a price-to-forward-earnings ratio of 12.6 based on the 12-month estimates of 14 analysts surveyed by FactSet.
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