Earnings Preview For Steel Dynamics
Portfolio Pulse from Benzinga Insights
Steel Dynamics (NASDAQ:STLD) is scheduled to release its quarterly earnings report on Tuesday, 2024-01-23, with analysts estimating an EPS of $2.66. Investors are looking for an earnings beat and positive guidance for future growth. Historically, the company's stock price has been sensitive to earnings performance and guidance. Last quarter, STLD missed EPS estimates by $0.01, resulting in a 4.07% share price drop the following day. Over the last 52 weeks, STLD shares have increased by 5.67%, trading at $112.86 as of January 19.
January 22, 2024 | 4:01 pm
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NEUTRAL IMPACT
Steel Dynamics is anticipated to report an EPS of $2.66 in its upcoming earnings. Historical data shows that earnings performance and guidance significantly impact the stock price. Shares have risen 5.67% over the past year, indicating a positive trend.
The short-term impact on STLD's stock price will likely hinge on whether the company meets or exceeds the EPS estimate and provides positive future guidance. Historical trends show that the stock is sensitive to earnings outcomes, but given the overall positive performance over the past year, the impact may be more muted unless there is a significant deviation from expectations.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100