Steel Dynamics (STLD) Tops Q3 Earnings and Revenue Estimates

Core Insights - Steel Dynamics reported quarterly earnings of $2.74 per share, exceeding the Zacks Consensus Estimate of $2.66 per share, and showing an increase from $2.05 per share a year ago, representing an earnings surprise of +3.01% [1] - The company achieved revenues of $4.83 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.93% and up from $4.34 billion year-over-year [2] - Steel Dynamics shares have increased by approximately 25.1% since the beginning of the year, outperforming the S&P 500's gain of 13.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.51 on revenues of $4.6 billion, while for the current fiscal year, the estimate is $8.90 on revenues of $18.22 billion [7] - The estimate revisions trend for Steel Dynamics was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Zacks Industry Rank places Steel - Producers in the bottom 37% of over 250 Zacks industries, suggesting that the industry's outlook could significantly impact the stock's performance [8] - Another company in the same industry, Algoma Steel Group Inc., is expected to report a quarterly loss of $0.70 per share, with a year-over-year change of +2.8%, and its revenue is projected to decline by 16.6% from the previous year [9]