Exploring Steel Dynamics's Earnings Expectations
Portfolio Pulse from Benzinga Insights
Steel Dynamics (NASDAQ:STLD) is set to release its quarterly earnings report on October 16, 2024. Analysts estimate an EPS of $2.06. Investors are keen on the company's guidance for future growth. Despite past earnings beats, share prices have sometimes declined. Analysts rate the stock as Neutral with a price target of $135.75, indicating a 4.28% upside. Steel Dynamics shows strong financial metrics compared to peers, with high gross profit and return on equity.
October 15, 2024 | 2:03 pm
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Steel Dynamics is expected to report an EPS of $2.06. Investors are focused on the company's guidance for future growth. Despite past earnings beats, share prices have sometimes declined. Analysts rate the stock as Neutral with a price target of $135.75, indicating a 4.28% upside.
The upcoming earnings report and guidance are crucial for Steel Dynamics. Past performance shows that even when EPS beats estimates, share prices can decline if guidance is not positive. The Neutral rating and modest price target suggest limited short-term upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100