We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 -1.53%: What You Should Know
Read MoreHide Full Article
The latest trading session saw Steel Dynamics (STLD - Free Report) ending at $116.76, denoting a -1.53% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 2.95% for the day. Elsewhere, the Dow lost 2.59%, while the tech-heavy Nasdaq lost 3.56%.
Heading into today, shares of the steel producer and metals recycler had lost 15.45% over the past month, lagging the Basic Materials sector's loss of 3.07% and the S&P 500's gain of 3.15% in that time.
Investors will be eagerly watching for the performance of Steel Dynamics in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.56, showcasing a 40.23% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $4.03 billion, down 4.91% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.07 per share and revenue of $17.74 billion, indicating changes of -32.64% and -5.63%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Steel Dynamics should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.33% lower. Steel Dynamics is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Steel Dynamics is presently being traded at a Forward P/E ratio of 11.78. This indicates a discount in contrast to its industry's Forward P/E of 12.25.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 218, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Steel Dynamics (STLD) Stock Moves -1.53%: What You Should Know
The latest trading session saw Steel Dynamics (STLD - Free Report) ending at $116.76, denoting a -1.53% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 2.95% for the day. Elsewhere, the Dow lost 2.59%, while the tech-heavy Nasdaq lost 3.56%.
Heading into today, shares of the steel producer and metals recycler had lost 15.45% over the past month, lagging the Basic Materials sector's loss of 3.07% and the S&P 500's gain of 3.15% in that time.
Investors will be eagerly watching for the performance of Steel Dynamics in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.56, showcasing a 40.23% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $4.03 billion, down 4.91% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.07 per share and revenue of $17.74 billion, indicating changes of -32.64% and -5.63%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Steel Dynamics should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.33% lower. Steel Dynamics is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Steel Dynamics is presently being traded at a Forward P/E ratio of 11.78. This indicates a discount in contrast to its industry's Forward P/E of 12.25.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 218, which puts it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.