Countdown to Steel Dynamics (STLD) Q3 Earnings: Wall Street Forecasts for Key Metrics

Core Viewpoint - Steel Dynamics (STLD) is expected to report quarterly earnings of $2.66 per share, reflecting a year-over-year increase of 29.8%, with anticipated revenues of $4.7 billion, an 8.2% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised upward by 0.6% in the past 30 days, indicating a reassessment by analysts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock performance [3]. Revenue and Sales Forecasts - Analysts project 'External Net Sales- Steel' to reach $3.27 billion, a 12% increase from the year-ago quarter [5]. - The estimate for 'External Net Sales- Steel Fabrication' is $403.07 million, indicating a decrease of 9.9% year-over-year [5]. - 'External Net Sales- Metals Recycling' is expected to be $530.23 million, reflecting a decline of 6.3% from the previous year [5]. - 'External Net Sales- Other' is forecasted at $396.62 million, a decrease of 3.7% year-over-year [6]. Pricing and Shipment Metrics - The average external sales price for steel is projected to be $1,083 per tonne, up from $1,059 per tonne a year ago [6]. - The average sales price for steel fabrication is expected to be $2,589 per tonne, down from $2,836 per tonne in the previous year [7]. - 'Steel - External Shipments' are anticipated to reach 3,018 thousand tons, compared to 2,755 thousand tons last year [7]. - 'Steel Fabrication - Shipments' are expected to be 156 thousand tons, slightly down from 159 thousand tons year-over-year [8]. - 'Steel - Flat Roll shipments' are projected at 2,105 thousand tons, an increase from 1,924 thousand tons last year [9]. - 'Metals Recycling - Ferrous shipments' are estimated at 1,571 thousand tons, up from 1,459 thousand tons in the same quarter of the previous year [9]. - 'Steel - Flat Roll shipments - Steel Processing Divisions' are expected to be 489 thousand tons, compared to 471 thousand tons last year [10]. Stock Performance - Over the past month, Steel Dynamics shares have returned +5.2%, outperforming the Zacks S&P 500 composite's +1% change, indicating a performance that aligns with the overall market [11].