Steel Dynamics Shares Dip 1.8% as Analysts Forecast 120% EPS Growth
Steel Dynamics shares closed at $193.91, down 1.79%, underperforming the S&P 500's 0.78% gain, and rose 2.33% over the past month versus a 3.22% sector advance. Analysts forecast Q2 EPS of $3.17 (up 120.14%) on $5.01 billion revenue (up 14.72%) and full-year EPS of $13.59 (up 70%) on $20.47 billion (up 12.6%).
1. Recent Stock Performance
Steel Dynamics shares closed at $193.91, down 1.79%, underperforming the S&P 500's 0.78% gain and rising 2.33% over the past month versus a 3.22% sector advance.
2. Earnings Forecast
Analysts expect Q2 EPS of $3.17, up 120.14%, on $5.01 billion revenue, up 14.72%, and full-year EPS of $13.59, up 70.09%, on $20.47 billion, up 12.63% compared to year-ago levels.
3. Valuation Overview
The stock trades at a forward P/E of 14.53, above the industry average of 12.02, and maintains a PEG ratio of 0.53 in line with peers, while holding a Zacks Rank #3 (Hold) rating.