Steel Dynamics (STLD) closed at $131.73, reflecting a decline of 1.16% in its latest trading session, which was below the S&P 500’s daily gain of 0.41%. Year-to-date, shares have increased by 2.35%, slightly lagging the Basic Materials sector’s gain of 2.48%.
Upcoming earnings disclosure is anticipated, with analysts estimating Steel Dynamics to report earnings of $2.71 per share, representing a 32.2% increase year-over-year. Expected revenue is projected at $4.71 billion, indicating an 8.52% rise compared to the same quarter last year. For the full year, earnings estimates stand at $9.33 per share and revenue at $18.37 billion, reflecting a decrease of 5.18% in earnings but an increase of 4.71% in revenue from the previous year.
Steel Dynamics currently has a Zacks Rank of #3 (Hold) and possesses a Forward P/E ratio of 14.28, surpassing the industry average of 13.87. The Steel – Producers industry ranks in the bottom 20% of over 250 industry groups according to Zacks Industry Rank measures.
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