Steel Dynamics (STLD) Gains As Market Dips: What You Should Know
Steel Dynamics (STLD) closed at $61.84 in the latest trading session, marking a +0.08% move from the prior day. This move outpaced the S&P 500's daily loss of 2.04%. - Zacks Heading into today, shares of the steel producer and metals recycler had lost 12.03% over the past month, lagging the Basic Materials sector's loss of 6.35% and the S&P 500's loss of 1.36% in that time. STLD will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $4.48, up 778.43% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.96 billion, up 112.6% from the prior-year quarter. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $15.08 per share and revenue of $17.91 billion. These totals would mark changes of +430.99% and +86.49%, respectively, from last year. It is also important to note the recent changes to analyst estimates for STLD....