Steel Dynamics Sees Q3 EPS $3.46-$3.50; Says Q3 Profitability From Steel Operations Is Expected to Be 'significantly lower' Than Sequential Q2 Results
Portfolio Pulse from Bill Haddad
Steel Dynamics expects Q3 EPS to be between $3.46 and $3.50. However, the company anticipates that Q3 profitability from steel operations will be 'significantly lower' than Q2 results.
September 18, 2023 | 12:02 pm
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Steel Dynamics' Q3 EPS is expected to be between $3.46 and $3.50, but profitability from steel operations is predicted to be 'significantly lower' than Q2.
The company's warning of significantly lower profitability from steel operations in Q3 compared to Q2 could negatively impact investor sentiment and potentially lead to a decrease in the stock price in the short term.
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