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Steel Dynamics (STLD) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Steel Dynamics (STLD - Free Report) closed at $60.72, marking a -0.31% move from the previous day. This change lagged the S&P 500's daily gain of 0.75%.
Coming into today, shares of the steel producer and metals recycler had lost 6.38% in the past month. In that same time, the Basic Materials sector lost 5.88%, while the S&P 500 gained 3.52%.
Wall Street will be looking for positivity from STLD as it approaches its next earnings report date. On that day, STLD is projected to report earnings of $3.59 per share, which would represent year-over-year growth of 663.83%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.17 billion, up 98.93% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.86 per share and revenue of $16.36 billion. These totals would mark changes of +352.82% and +70.43%, respectively, from last year.
Any recent changes to analyst estimates for STLD should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 35.26% higher. STLD is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, STLD is currently trading at a Forward P/E ratio of 4.72. Its industry sports an average Forward P/E of 6.38, so we one might conclude that STLD is trading at a discount comparatively.
Investors should also note that STLD has a PEG ratio of 0.39 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. STLD's industry had an average PEG ratio of 0.28 as of yesterday's close.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 10, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Steel Dynamics (STLD) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Steel Dynamics (STLD - Free Report) closed at $60.72, marking a -0.31% move from the previous day. This change lagged the S&P 500's daily gain of 0.75%.
Coming into today, shares of the steel producer and metals recycler had lost 6.38% in the past month. In that same time, the Basic Materials sector lost 5.88%, while the S&P 500 gained 3.52%.
Wall Street will be looking for positivity from STLD as it approaches its next earnings report date. On that day, STLD is projected to report earnings of $3.59 per share, which would represent year-over-year growth of 663.83%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.17 billion, up 98.93% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.86 per share and revenue of $16.36 billion. These totals would mark changes of +352.82% and +70.43%, respectively, from last year.
Any recent changes to analyst estimates for STLD should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 35.26% higher. STLD is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, STLD is currently trading at a Forward P/E ratio of 4.72. Its industry sports an average Forward P/E of 6.38, so we one might conclude that STLD is trading at a discount comparatively.
Investors should also note that STLD has a PEG ratio of 0.39 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. STLD's industry had an average PEG ratio of 0.28 as of yesterday's close.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 10, putting it in the top 4% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.