For its third fiscal quarter (ending September 30), Steel Dynamics Inc (NASDAQ: STLD) has reported a -41% decline in E.P.S. from $3.49 a year ago to $2.06 in the current quarter. However, this performance was $0.08 better than the consensus estimate of $1.98. E.P.S. were $11.13 for the latest four quarters through September 30 versus $15.67 for the same period a year ago — a decline of -29%.
Recent Price Action
Steel Dynamics Inc (NASDAQ: STLD) stock increased 1.1% on 10/16/24. The shares closed at $129.86. However, trading volume in this advance was normal at 83% of normal. Relative to the market the stock has been weak over the last nine months but has risen 2.2% during the last week.
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 C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Steel Dynamics has a good Appreciation Score of 77 but a poor Power Rating of 21, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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