Steel Dynamics, Inc. (STLD) logged first-quarter 2024 earnings of $3.67 per share, down from $3.70 in the year-ago quarter. It topped the Zacks Consensus Estimate of $3.54.Net sales in the first quarter were down around 4% year over year to $4,694 million. It missed the Zacks Consensus Estimate of $4,739.7 million.While STLD witnessed some steel order volatility early in the reported quarter, underlying steel demand was steady in the quarter. Solid demand led to near-record shipments and higher selling pric ...

For the quarter ended March 2024, Steel Dynamics (STLD) reported revenue of $4.69 billion, down 4.1% over the same period last year. EPS came in at $3.67, compared to $4.01 in the year-ago quarter.The reported revenue represents a surprise of -0.97% over the Zacks Consensus Estimate of $4.74 billion. With the consensus EPS estimate being $3.54, the EPS surprise was +3.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

Steel Dynamics (STLD) came out with quarterly earnings of $3.67 per share, beating the Zacks Consensus Estimate of $3.54 per share. This compares to earnings of $4.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.67%. A quarter ago, it was expected that this steel producer and metals recycler would post earnings of $2.63 per share when it actually produced earnings of $2.61, delivering a surprise of -0.76%.Over the last fo ...

Wall Street analysts expect Steel Dynamics (STLD) to post quarterly earnings of $3.54 per share in its upcoming report, which indicates a year-over-year decline of 11.7%. Revenues are expected to be $4.74 billion, down 3.2% from the year-ago quarter.The current level reflects an upward revision of 3.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prior to a c ...

In the latest market close, Steel Dynamics (STLD) reached $144.23, with a -0.29% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.74%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq gained 1.68%.Shares of the steel producer and metals recycler have appreciated by 7.99% over the course of the past month, outperforming the Basic Materials sector's gain of 3.54% and the S&P 500's gain of 0.8%.The investment community will be paying close ...

FORT WAYNE, Ind., April 4, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD), one of the largest domestic steel producers and metals recyclers in North America, today announced it intends to release First Quarter 2024 financial results after market close on Tuesday, April 23, 2024. The teleconference is scheduled to begin at 11:00 a.m. Eastern Time on Wednesday April 24, 2024 and will be hosted by Mark D. Millett, Chairman and Chief Executive Officer, Theresa E. Wagler, Executive Vice President an ...

FORT WAYNE, Ind., April 1, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced leadership appointments for James Anderson and Chad Bickford. "I am excited and pleased to recognize Jim and Chad for their outstanding leadership and positive impact within our company," said Mark D. Millett, Chairman and Chief Executive Officer. "Their passion and spirit of excellence reflect the foundational principles of Steel Dynamics. They embody our culture of safety, performance, and innovation — a ...

Steel Dynamics, Inc.’s (STLD) shares touched a fresh 52-week high of $141.26 on Mar 19 before closing at $140.88.In the past year, the stock has gained 26.9% compared with the industry’s 15.1% rise in the same period.Image Source: Zacks Investment ResearchWhat’s Driving Steel Dynamics?For the first quarter of 2024, Steel Dynamics issued earnings guidance of $3.51-$3.55 per share. This indicates an improvement from the previous quarter's earnings of $2.61 but calls for a decline from $3.70 in the first quart ...

Steel Dynamics, Inc. (STLD) announced its earnings guidance for the first quarter of 2024 in the range of $3.51-$3.55 per share. This suggests an improvement from the previous quarter's earnings of $2.61 per share and a deterioration from earnings of $3.70 recorded in the first quarter of the prior year.The company anticipates a substantial boost in profitability in its steel operations for the first quarter of 2024, particularly driven by increased shipments and earnings across the operations. The upside c ...

In the latest market close, Steel Dynamics (STLD) reached $139.97, with a +1.5% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.63%. Elsewhere, the Dow saw an upswing of 0.2%, while the tech-heavy Nasdaq appreciated by 0.82%.The the stock of steel producer and metals recycler has risen by 11.81% in the past month, leading the Basic Materials sector's gain of 5.32% and the S&P 500's gain of 1.76%.Investors will be eagerly watching for the performance of Steel Dynamics ...