Summary:
- Steel Dynamics (STLD, Financial) is anticipated to report a substantial drop in Q1 earnings on April 22.
- Analyst predictions show a significant year-over-year decline in both earnings per share and revenue.
- The stock currently carries an "Outperform" recommendation based on analyst ratings.
Steel Dynamics Q1 Earnings Preview
As Steel Dynamics (STLD) prepares to disclose its first-quarter earnings on April 22, investors brace for a notable downturn. Projections indicate a sharp 62.4% fall in earnings per share (EPS) to $1.38 compared to the same quarter last year. Additionally, revenue forecasts suggest a 10.9% decrease, bringing it to $4.18 billion. This anticipated performance draws attention to the challenges facing the steel industry and the potential impact on Steel Dynamics' financial health.
Wall Street Analysts Outlook
For investors looking at price projections, a group of 12 analysts have set an average one-year target price for Steel Dynamics at $145.68. This estimate presents a promising upside potential of 28.29% from the current trading price of $113.55. Price targets vary, with a high projection of $155.00 and a low estimate of $128.91. Investors can review more detailed analytics on the Steel Dynamics Inc (STLD, Financial) Forecast page.
According to a consensus from 15 brokerage houses, the stock carries an average recommendation of 2.3, indicating an "Outperform" status. On the rating scale, "Outperform" implies positive expectations for the stock's future performance, with 1 as a Strong Buy and 5 as a Sell.
Evaluating the GF Value
GuruFocus provides an estimated GF Value for Steel Dynamics of $118.10 over the next year, suggesting a moderate upside of 4.01% from its current value of $113.55. This valuation is based on the stock's historical trading multiples, past business growth, and future performance projections. For additional insights and comprehensive data, visit the Steel Dynamics Inc (STLD, Financial) Summary page.
As always, while the data and forecasts provide a snapshot of expectations, investors should consider these figures within the context of their broader investment strategies and risk tolerance.
