Exploring Analyst Estimates for Steel Dynamics (STLD) Q3 Earnings, Beyond Revenue and EPS

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]