Steel Dynamics (NASDAQ:STLD) is set to give its latest quarterly earnings report on Wednesday, 2024-10-16. Here's what investors need to know before the announcement.
Analysts estimate that Steel Dynamics will report an earnings per share (EPS) of $2.06.
Steel Dynamics bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
In the previous earnings release, the company beat EPS by $0.05, leading to a 0.72% drop in the share price the following trading session.
Here's a look at Steel Dynamics's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
2.67
3.51
2.66
3.48
EPS Actual
2.72
3.67
2.61
3.47
Price Change %
-1.0%
-3.0%
0.0%
-4.0%
Market Performance of Steel Dynamics's Stock
Shares of Steel Dynamics were trading at $130.18 as of October 14. Over the last 52-week period, shares are up 25.68%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Insights Shared by Analysts on Steel Dynamics
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Steel Dynamics.
Analysts have given Steel ...
