Steel Dynamics (STLD) stock rises slightly, underperforms sector, with upcoming earnings decrease

From Nasdaq: 2024-12-31 18:15:20

Steel Dynamics (STLD) closed at $114.07, up 0.24% from the previous day, surpassing the S&P 500. Shares dropped 21.41% in the past month, underperforming the Basic Materials sector and S&P 500. Analysts predict an EPS of $1.41 for the upcoming earnings, a 45.98% decrease from last year.

Zacks Consensus Estimates project full-year earnings of $9.95 per share and revenue of $17.69 billion, with year-over-year declines. Analyst revisions reflect near-term trends, impacting share price momentum. Steel Dynamics currently holds a Zacks Rank of #3 (Hold) and a Forward P/E ratio of 11.44.

The Steel – Producers industry, part of the Basic Materials sector, has a Zacks Industry Rank of 191, in the bottom 24% of industries. The Zacks Rank system, with a track record of outperforming, sees Steel Dynamics as a Hold. Visit Zacks.com for stock-impacting metrics and updates in the coming days.



Read more at Nasdaq: Steel Dynamics (STLD) Ascends While Market Falls: Some Facts to Note