In the latest market close, Steel Dynamics (STLD) reached $128.22, with a +0.53% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 0.9% for the day. Elsewhere, the Dow saw an upswing of 0.81%, while the tech-heavy Nasdaq appreciated by 1.22%.Heading into today, shares of the steel producer and metals recycler had gained 14.57% over the past month, outpacing the Basic Materials sector's gain of 7.23% and the S&P 500's gain of 3.15% in that time.Investors w ...

Wabash National Corporation (WNC) , a leading semi-trailer manufacturer in North America, has entered into a 10-year strategic agreement with Steel Dynamics, Inc. (STLD) , a major steel producer and recycler in the region. The partnership ensures a steady supply of key steel components, such as hot-rolled, galvanized and painted steel coils, as well as steel cross members, for Wabash’s range of transportation solutions, including van trailers, tank trailers, platform trailers and truck bodies.Per Richard Ma ...

Group 1 - Steel Dynamics (STLD) stock closed at $123.34, reflecting a -1.07% change from the previous day, underperforming the S&P 500's daily loss of 0.19% [1] - Over the past month, Steel Dynamics shares increased by 2.69%, which is below the Basic Materials sector's gain of 3.7% but above the S&P 500's gain of 1.95% [1] - The upcoming earnings report on October 16, 2024, is expected to show an EPS of $1.94, a decline of 44.09% year-over-year, with projected quarterly revenue of $4.25 billion, down 7.35% from the previous year [1] Group 2 - For the full year, earnings are projected at $10.32 per share and revenue at $17.64 billion, reflecting declines of -30.97% and -6.16% respectively from the prior year [2] - Recent analyst estimate revisions for Steel Dynamics indicate short-term business trends, with positive revisions seen as a favorable sign for the company's outlook [2] - The Zacks Rank system, which assesses stock performance based on estimate changes, currently ranks Steel Dynamics at 3 (Hold) [3] Group 3 - Steel Dynamics has a Forward P/E ratio of 12.09, aligning with the industry average, suggesting no significant deviation in valuation [3] - The Steel - Producers industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 150, placing it in the bottom 41% of over 250 industries [3] - The Zacks Industry Rank indicates that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1 [4]

Earnings Guidance - Steel Dynamics, Inc. (STLD) has issued earnings guidance for Q3 2024 in the range of $1.94-$1.98 per share, a decline from $2.72 per share in Q2 2024 and $3.47 in Q3 2023 [1] - The profitability of STLD's steel operations is expected to be significantly lower than in Q2 due to reduced average realized pricing in flat rolled operations, with approximately 80% of this business being contract-based and linked to lagging pricing indices [1] Steel Operations - Flat rolled steel prices have stabilized and are showing improvement, with consistent underlying demand [1] - The metals recycling division's earnings for Q3 2024 are anticipated to align with Q2 results, as steady volumes offset slightly lower realized pricing [1] Steel Fabrication Segment - Earnings in the steel fabrication segment are forecasted to be moderately lower than the previous quarter due to a slight dip in average realized pricing, but the order backlog remains steady and extends into Q1 2025 [2] - Current order activity is stable, and demand is expected to grow in 2025, driven by a decline in interest rates, the U.S. infrastructure program, and increasing onshoring efforts [2] Stock Repurchase and Performance - Steel Dynamics has repurchased $307 million worth of its common stock through September 11, 2024, demonstrating confidence in the company's earnings outlook and cash flow [2] - Shares of Steel Dynamics have gained 13.1% in the past year, contrasting with a 14.3% decline in its industry [2] Zacks Rank and Comparisons - Steel Dynamics currently holds a Zacks Rank 3 (Hold) [3] - Better-ranked stocks in the Basic Materials space include Hawkins, Inc. (HWKN), Carpenter Technology Corporation (CRS), and Eldorado Gold Corporation (EGO), each with a Zacks Rank 1 (Strong Buy) [3] Earnings Estimates for Comparables - The Zacks Consensus Estimate for Hawkins' current fiscal-year earnings is $4.14 per share, indicating a rise of 15.3% from the previous year, with a stock rally of around 95% in the past year [3] - Carpenter Technology's current-year earnings estimate is $6.06 per share, reflecting a 27.9% year-over-year rise, with a stock surge of nearly 108.8% in the past year [4] - Eldorado Gold's current-year earnings estimate is $1.35 per share, indicating a year-over-year rise of 136.8%, with shares surging nearly 75.3% in the past year [4]

In the latest trading session, Steel Dynamics (STLD) closed at $108.74, marking a -1.81% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.45%. Meanwhile, the Dow lost 0.23%, and the Nasdaq, a tech-heavy index, added 0.84%.The steel producer and metals recycler's shares have seen a decrease of 4.51% over the last month, not keeping up with the Basic Materials sector's loss of 0.34% and the S&P 500's gain of 2.54%.The investment community will be closely monitoring ...

FORT WAYNE, Ind., Sept. 5, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today petitioned the Department of Commerce (DOC) and the U.S. International Trade Commission (ITC) to apply antidumping duties against imports of corrosion resistant flat rolled steel (CORE) from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, UAE, and Vietnam, and countervailing duties against imports of CORE from Brazil, Canada, Mexico, and Vietnam. The company was joined by four other ...

Core Viewpoint - Steel Dynamics (STLD) is facing a challenging financial outlook with expected declines in both earnings and revenue for the upcoming quarter and full year, indicating potential difficulties in the company's performance [1][2]. Financial Performance - The recent trading session closed at $113.12, reflecting a -0.74% change from the previous day, underperforming the S&P 500's loss of 0.16% [1]. - Over the past month, shares of Steel Dynamics have decreased by 6.88%, contrasting with a 0.19% gain in the Basic Materials sector and a 3.64% gain in the S&P 500 [1]. - The upcoming earnings report is anticipated to show an EPS of $2.22, which represents a 36.02% decrease from the same quarter last year, with revenue expected to be $4.3 billion, down 6.28% year-over-year [1]. Full Year Estimates - For the full year, analysts project earnings of $10.74 per share and revenue of $17.76 billion, indicating declines of -28.16% and -5.53% respectively compared to the previous year [2]. Analyst Sentiment - Changes in analyst estimates are crucial as they reflect the evolving business trends; positive revisions indicate confidence in the company's performance [2]. - The Zacks Rank system currently rates Steel Dynamics at 3 (Hold), with a recent 5.42% decline in the Zacks Consensus EPS estimate [3]. Valuation Metrics - Steel Dynamics has a Forward P/E ratio of 10.61, which is lower than the industry average of 13.05, suggesting a valuation discount [3]. - The Steel - Producers industry is ranked 176 in the Zacks Industry Rank, placing it in the bottom 31% of over 250 industries [3].

FORT WAYNE, Ind., Aug. 16, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a third quarter cash dividend of $0.46 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2024 and is payable on or about October 11, 2024.About Steel Dynamics, Inc.Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking ...

It has been about a month since the last earnings report for Steel Dynamics (STLD) . Shares have lost about 8.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Steel Dynamics due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Steel Dynamics’ Q2 Earnings and Sales Be ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _______ to _______ Commission File Number 0-21719 Steel Dynamics, Inc. (Exact name of registrant as specified in its charter) | Indiana | 35-1929476 | | ...