For its second fiscal quarter (ending June 30), Steel Dynamics Inc (NASDAQ: STLD) has reported a -43% decline in E.P.S. from $4.83 a year ago to $2.73 in the current quarter. This performance was $-0.02 short of the consensus estimate of $2.75. E.P.S. were $12.54 for the latest four quarters through June 30 versus $17.24 for the same period a year ago — a decline of -27%.
Recent Price Action
Steel Dynamics Inc (NASDAQ: STLD) stock closed at $130.07 on 7/17/24 after a modest decline of -2.0%. This decline was accompanied by normal trading volume. The stock has risen 4.7% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
STLD is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Steel Dynamics has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Steel Dynamics has a good Power Rating of 74 and a good Appreciation Score of 75, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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