Earnings Preview: Steel Dynamics (STLD) Q3 Earnings Expected to Decline

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]