Steel Dynamics (STLD) Outpaces Stock Market Gains: What You Should Know

25.12.24 00:15 Uhr

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Aktien

110,04 EUR -1,24 EUR -1,11%

Indizes

20.031,1 PKT 266,2 PKT 1,35%

935,5 PKT -8,9 PKT -0,94%

Steel Dynamics (STLD) closed at $117.06 in the latest trading session, marking a +1.13% move from the prior day. The stock's change was more than the S&P 500's daily gain of 1.1%. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, added 1.35%.Shares of the steel producer and metals recycler have depreciated by 20.16% over the course of the past month, underperforming the Basic Materials sector's loss of 9.25% and the S&P 500's gain of 0.22%.Analysts and investors alike will be keeping a close eye on the performance of Steel Dynamics in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.41, reflecting a 45.98% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $3.97 billion, down 6.21% from the year-ago period.For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.95 per share and a revenue of $17.69 billion, signifying shifts of -33.44% and -5.87%, respectively, from the last year.Investors should also pay attention to any latest changes in analyst estimates for Steel Dynamics. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.53% downward. As of now, Steel Dynamics holds a Zacks Rank of #3 (Hold).From a valuation perspective, Steel Dynamics is currently exchanging hands at a Forward P/E ratio of 11.64. This indicates a discount in contrast to its industry's Forward P/E of 12.08.The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 19% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Steel Dynamics, Inc. (STLD): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Steel Dynamics Inc.

Analysen zu Steel Dynamics Inc.

DatumRatingAnalyst
30.05.2019Steel Dynamics HoldDeutsche Bank AG
09.01.2019Steel Dynamics Market PerformCowen and Company, LLC
11.10.2018Steel Dynamics BuySeaport Global Securities
24.01.2018Steel Dynamics OutperformCowen and Company, LLC
14.11.2016Steel Dynamics NeutralRosenblatt
DatumRatingAnalyst
11.10.2018Steel Dynamics BuySeaport Global Securities
24.01.2018Steel Dynamics OutperformCowen and Company, LLC
21.10.2016Steel Dynamics OutperformCowen and Company, LLC
20.07.2016Steel Dynamics OutperformCowen and Company, LLC
22.04.2016Steel Dynamics OutperformCowen and Company, LLC
DatumRatingAnalyst
30.05.2019Steel Dynamics HoldDeutsche Bank AG
09.01.2019Steel Dynamics Market PerformCowen and Company, LLC
14.11.2016Steel Dynamics NeutralRosenblatt
10.05.2016Steel Dynamics NeutralRosenblatt
14.03.2016Steel Dynamics NeutralRosenblatt
DatumRatingAnalyst
16.11.2006Update Steel Dynamics Inc.: SellLongbow

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Steel Dynamics Inc. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"