Steel Dynamics (STLD) stock closed down 1.53%, outperformed S&P 500, with projected declines in earnings and revenue.

From Nasdaq: 2024-12-18 18:15:05

Steel Dynamics (STLD) closed at $116.76, down 1.53% from the previous day. The stock outperformed the S&P 500, which fell 2.95%, while the Dow and Nasdaq also saw losses. STLD shares have dropped 15.45% in the past month, with upcoming earnings expected to show a significant decline in EPS and revenue.

Analysts project STLD to report an EPS of $1.56, a 40.23% decrease from last year. Full-year estimates predict earnings of $10.07 per share and revenue of $17.74 billion, with downward shifts compared to the previous year. Analysts’ revisions to estimates can impact stock prices, with higher estimates indicating positive sentiment.

Steel Dynamics currently holds a Zacks Rank of #3 (Hold) and is trading at a Forward P/E ratio of 11.78, lower than the industry average. The Steel – Producers industry ranks 218 out of 250+ industries, indicating lower performance. Investors can track these metrics on Zacks.com for future insights into stock performance and industry trends.

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Read more at Nasdaq: Steel Dynamics (STLD) Stock Moves -1.53%: What You Should Know