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Steel Dynamics (STLD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Steel Dynamics (STLD - Free Report) reported $6.09 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 33.4%. EPS of $3.69 for the same period compares to $2.01 a year ago.
The reported revenue represents a surprise of +17.05% over the Zacks Consensus Estimate of $5.2 billion. With the consensus EPS estimate being $3.56, the EPS surprise was +3.65%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Steel Dynamics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Steel - Average external sales price (Per ton): 1,298.00 $/ton versus 1,270.53 $/ton estimated by three analysts on average.
Steel Fabrication - Average sales price (Per ton): 2,442.00 $/ton versus the three-analyst average estimate of 2,480.34 $/ton.
Steel - External Shipments (Tons): 3,085.37 KTon compared to the 3,027.87 KTon average estimate based on three analysts.
Steel Fabrication - Shipments (Tons): 161.01 KTon versus 151.98 KTon estimated by three analysts on average.
Steel - Average ferrous cost (Per ton melted): 412.00 $/ton versus the three-analyst average estimate of 418.38 $/ton.
Steel - Flat Roll shipments - Butler, Columbus and Sinton: 2,026.08 KTon compared to the 2,026.50 KTon average estimate based on two analysts.
Metals Recycling - Ferrous shipments (Gross tons): 1,672.89 KTon compared to the 1,598.29 KTon average estimate based on two analysts.
External Net Sales- Steel Fabrication: $393.81 million versus $376.41 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +15.6% change.
External Net Sales- Metals Recycling: $653.77 million versus $558.8 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +25.1% change.
External Net Sales- Steel: $4.01 billion compared to the $3.85 billion average estimate based on three analysts. The reported number represents a change of +22.3% year over year.
External Net Sales- Other: $540.61 million compared to the $377.14 million average estimate based on two analysts. The reported number represents a change of +49.9% year over year.
External Net Sales- Aluminum: $497.87 million compared to the $364.36 million average estimate based on two analysts.
Shares of Steel Dynamics have returned -5.8% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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Steel Dynamics (STLD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Steel Dynamics (STLD - Free Report) reported $6.09 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 33.4%. EPS of $3.69 for the same period compares to $2.01 a year ago.
The reported revenue represents a surprise of +17.05% over the Zacks Consensus Estimate of $5.2 billion. With the consensus EPS estimate being $3.56, the EPS surprise was +3.65%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Steel Dynamics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Steel Dynamics here>>>
Shares of Steel Dynamics have returned -5.8% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.