Core Insights - Analysts project Steel Dynamics (STLD) will report quarterly earnings of $1.98 per share, a decline of 42.9% year over year, with revenues expected to reach $4.25 billion, down 7.4% from the same quarter last year [1] - The consensus EPS estimate has been revised downward by 15.9% in the past 30 days, indicating a reassessment by covering analysts [1] - The correlation between earnings estimate revisions and short-term stock price performance is emphasized as a significant indicator for investor actions [1] Revenue and Sales Estimates - 'External Net Sales- Steel' is estimated at $2.94 billion, reflecting a year-over-year decline of 6.3% [2] - 'External net sales- Steel Fabrication' is projected to reach $444.09 million, indicating a year-over-year decrease of 29.5% [2] - 'External net sales- Metals Recycling' is forecasted at $555.76 million, showing a year-over-year increase of 6.7% [2] Additional Key Metrics - 'External net sales- All Other' is expected to be $298.80 million, with a slight year-over-year change of -0.3% [3] - The estimated 'Average External Sales Price (Per ton) Shipped - Steel' is $1,046.43, down from $1,191 in the previous year [3] - The consensus for 'Average Sales Price (Per ton) Shipped - Steel Fabrication' is $2,864.09, compared to $3,916 last year [3] - 'Shipments in Tons - Steel Fabrication Segment' are expected to be 155.50 KTon, down from 161.7 KTon year-over-year [3] - 'Average Ferrous Cost (Per ton melted)' is projected at $362.66, down from $405 last year [3] Shipment Estimates - 'Shipments in Tons - Flat Roll shipments' are estimated at 2,692.82 KTon, compared to 2,192.27 KTon last year [4] - 'Shipments in Tons - Metals Recycling - Ferrous' is expected to be 1,483.17 KTon, slightly up from 1,442.96 KTon in the same quarter last year [4] - 'Shipments in Tons - Flat Roll shipments - Butler, Columbus and Sinton' are projected at 1,954.70 KTon, compared to 1,740.13 KTon last year [4] - 'Shipments in Tons - Long Product shipments - Engineered Bar Products Division' is expected to reach 191.16 KTon, down from 201.9 KTon year-over-year [4] Stock Performance - Steel Dynamics shares have increased by 16.2% in the past month, outperforming the Zacks S&P 500 composite, which rose by 5.4% [5] - The company holds a Zacks Rank 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [5]

Core Viewpoint - Steel Dynamics (STLD) is anticipated to report a year-over-year decline in earnings due to lower revenues, with the earnings report expected on October 16, 2024 [1][2] Earnings Expectations - The consensus estimate for quarterly earnings is $1.98 per share, reflecting a year-over-year decrease of 42.9% [2] - Expected revenues are projected at $4.25 billion, down 7.4% from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has been revised 13.6% lower in the last 30 days, indicating a reassessment by analysts [3] - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, suggesting no recent differing views from analysts [6] Earnings Surprise Prediction - The Earnings ESP for Steel Dynamics is 0%, indicating no predictive advantage for an earnings beat [7] - The stock currently holds a Zacks Rank of 3, making it challenging to predict a consensus EPS beat [7] Historical Performance - In the last reported quarter, Steel Dynamics exceeded the expected earnings of $2.67 per share by delivering $2.72, resulting in a surprise of +1.87% [8] - Over the past four quarters, the company has beaten consensus EPS estimates twice [8] Conclusion - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [9] - Steel Dynamics does not appear to be a strong candidate for an earnings beat, but other factors should also be considered for investment decisions [9]

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 ...