Steel Dynamics (Nasdaq: STLD ) is expected to report Q3 earnings on Oct. 17. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Steel Dynamics's revenues will decrease -12.3% and EPS will drop -36.8%.
The average estimate for revenue is $1.79 billion. On the bottom line, the average EPS estimate is $0.12.
Last quarter, Steel Dynamics notched revenue of $1.91 billion. GAAP reported sales were 8.2% lower than the prior-year quarter's $2.08 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.20. GAAP EPS of $0.20 for Q2 were 53% lower than the prior-year quarter's $0.43 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 9.5%, 380 basis points worse than the prior-year quarter. Operating margin was 5.4%, 370 basis points worse than the prior-year quarter. Net margin was 2.3%, 240 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $7.51 billion. The average EPS estimate is $0.70.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 935 members out of 972 rating the stock outperform, and 37 members rating it underperform. Among 187 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 180 give Steel Dynamics a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Steel Dynamics is outperform, with an average price target of $16.18.
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