Steel Dynamics (STLD) Stock Moves -1.53%: What You Should Know

The latest trading session saw Steel Dynamics (STLD) ending at $116.76, denoting a -1.53% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a loss of 2.95% for the day. Elsewhere, the Dow lost 2.59%, while the tech-heavy Nasdaq lost 3.56%.Heading into today, shares of the steel producer and metals recycler had lost 15.45% over the past month, lagging the Basic Materials sector's loss of 3.07% and the S&P 500's gain of 3.15% in that time.Investors will be eagerly watching for the performance of Steel Dynamics in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.56, showcasing a 40.23% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $4.03 billion, down 4.91% from the year-ago period.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $10.07 per share and revenue of $17.74 billion, indicating changes of -32.64% and -5.63%, respectively, compared to the previous year.Any recent changes to analyst estimates for Steel Dynamics should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.33% lower. Steel Dynamics is currently sporting a Zacks Rank of #3 (Hold).In terms of valuation, Steel Dynamics is presently being traded at a Forward P/E ratio of 11.78. This indicates a discount in contrast to its industry's Forward P/E of 12.25.The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 218, which puts it in the bottom 14% 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.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.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 Weiter zum vollständigen Artikel bei Zacks