We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Steel Dynamics (STLD) Stock Moves -0.1%: What You Should Know
Read MoreHide Full Article
In the latest trading session, Steel Dynamics (STLD - Free Report) closed at $62.34, marking a -0.1% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.48%, and the tech-heavy Nasdaq lost 0.2%.
Heading into today, shares of the steel producer and metals recycler had lost 1.9% over the past month, lagging the Basic Materials sector's loss of 1.08% and the S&P 500's loss of 0.62% in that time.
Wall Street will be looking for positivity from Steel Dynamics as it approaches its next earnings report date. The company is expected to report EPS of $5.80, up 497.94% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.29 billion, up 103.37% from the prior-year quarter.
STLD's full-year Zacks Consensus Estimates are calling for earnings of $16.22 per share and revenue of $18.37 billion. These results would represent year-over-year changes of +471.13% and +91.37%, respectively.
Any recent changes to analyst estimates for Steel Dynamics should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.08% lower. Steel Dynamics is currently a Zacks Rank #3 (Hold).
Digging into valuation, Steel Dynamics currently has a Forward P/E ratio of 3.85. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 3.85.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow STLD in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Steel Dynamics (STLD) Stock Moves -0.1%: What You Should Know
In the latest trading session, Steel Dynamics (STLD - Free Report) closed at $62.34, marking a -0.1% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.03%. At the same time, the Dow lost 1.48%, and the tech-heavy Nasdaq lost 0.2%.
Heading into today, shares of the steel producer and metals recycler had lost 1.9% over the past month, lagging the Basic Materials sector's loss of 1.08% and the S&P 500's loss of 0.62% in that time.
Wall Street will be looking for positivity from Steel Dynamics as it approaches its next earnings report date. The company is expected to report EPS of $5.80, up 497.94% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.29 billion, up 103.37% from the prior-year quarter.
STLD's full-year Zacks Consensus Estimates are calling for earnings of $16.22 per share and revenue of $18.37 billion. These results would represent year-over-year changes of +471.13% and +91.37%, respectively.
Any recent changes to analyst estimates for Steel Dynamics should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.08% lower. Steel Dynamics is currently a Zacks Rank #3 (Hold).
Digging into valuation, Steel Dynamics currently has a Forward P/E ratio of 3.85. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 3.85.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow STLD in the coming trading sessions, be sure to utilize Zacks.com.