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What to Look for When Nucor (NUE) Reports Q3 Results

NEW YORK (TheStreet) -- Shares of Nucor (NUE) were climbing in early afternoon trading on Wednesday ahead of the company's 2016 third quarter earnings, due before Thursday's opening bell.

Analysts surveyed by FactSet are looking for the Charlotte-based steel producer to report adjusted earnings of 93 cents per share on revenue of $4.50 billion.

In 2015, Nucor reported earnings of 71 cents per share on revenue of $4.23 billion in the same period.

Barclays said that "soft" domestic steel demand is pushing prices lower, according to a recent analyst note.