Steel Dynamics Provides Q2 2023 Earnings Guidance; Sees Q2 EPS $4.78-$4.82 Vs $5.06 Est
Portfolio Pulse from Benzinga Newsdesk
Steel Dynamics (NASDAQ:STLD) provided Q2 2023 earnings guidance of $4.78-$4.82 per share, higher than the $4.13 estimate. The company expects stronger steel operations profitability, steady metals recycling earnings, and historically strong but lower steel fabrication earnings compared to Q1 2023.
June 16, 2023 | 12:48 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Steel Dynamics' Q2 2023 earnings guidance of $4.78-$4.82 per share beats the $4.13 estimate, with stronger steel operations profitability and steady metals recycling earnings.
The higher-than-expected Q2 2023 earnings guidance indicates strong performance in steel operations and steady metals recycling earnings. This positive outlook is likely to have a short-term positive impact on STLD's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100