Nucor Corp. (NUE) - Get Free 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.
Save 57% during our Halloween Sale. Don't let this market haunt you. Join Jim Cramer's Investment Club, Action Alerts PLUS. Click here to sign up!
Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here.