Steel Dynamics (STLD) closed at $125, down 1.22%. The stock outperformed Basic Materials but lagged behind the S&P 500. Earnings report on July 17, 2024, projects $2.94 per share, a 38.88% YoY drop. Zacks estimates full-year earnings at $12.14 per share, down 18.8% YoY. STLD currently holds a Zacks Rank #3 (Hold).

With a Forward P/E ratio of 10.43, Steel Dynamics trades lower than its industry average. The Steel – Producers industry ranks 163 out of 250+ industries. Zacks Industry Rank shows top industries outperform the bottom half by 2 to 1. Investors can monitor these metrics on Zacks.com for upcoming trading sessions.

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Read more at Nasdaq: Steel Dynamics (STLD) Stock Drops Despite Market Gains: Important Facts to Note