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Steel Dynamics (STLD) Up 7.9% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for Steel Dynamics (STLD - Free Report) . Shares have added about 7.9% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Steel Dynamics due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision flatlined during the past month.
The consensus estimate has shifted 5.01% due to these changes.
VGM Scores
At this time, Steel Dynamics has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Steel Dynamics has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.