Steel Dynamics Q2 2024 GAAP EPS $2.72 Misses $2.86 Estimate, Sales $4.632B Beat $4.434B Estimate
Portfolio Pulse from Benzinga Newsdesk
Steel Dynamics (NASDAQ:STLD) reported Q2 2024 GAAP EPS of $2.72, missing the $2.86 estimate, but sales of $4.632B beat the $4.434B estimate. Sales decreased by 8.85% compared to the same period last year.
July 17, 2024 | 8:32 pm
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NEUTRAL IMPACT
Steel Dynamics reported Q2 2024 GAAP EPS of $2.72, missing the $2.86 estimate, but sales of $4.632B beat the $4.434B estimate. Sales decreased by 8.85% compared to the same period last year.
The mixed earnings report, with EPS missing but sales beating estimates, creates a neutral short-term impact. The YoY sales decrease adds a negative sentiment, balancing the positive sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100