Steel Dynamics (STLD) closed at $175.38, down 1.03% in the latest trading session, underperforming the S&P 500’s gain of 0.32%. Over the past month, STLD shares have gained 7.88%, compared to the Basic Materials sector’s 12.69% increase and the S&P 500’s 4.7% rise.
Steel Dynamics is set to report earnings on an upcoming date, with analysts expecting a profit of $2.09 per share, reflecting year-over-year growth of 53.68%. Revenue is anticipated to reach $4.58 billion, an increase of 18.39% from the previous year’s quarter. For the annual period, estimates suggest earnings of $8.27 per share and revenue of $18.36 billion, representing a decline of 15.96% in earnings but an increase of 4.66% in revenue compared to last year.
The company’s current Forward P/E ratio stands at 21.42, notably higher than the industry average of 13.66. Steel Dynamics holds a Zacks Rank of #3 (Hold), indicating a neutral market sentiment. The Zacks Industry Rank places the Steel – Producers sector in the bottom 37% among over 250 industries.
