Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Steel Dynamics (STLD), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Steel Dynamics (STLD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the closing of the recent trading day, Steel Dynamics (STLD) stood at $128.22, denoting a +0.53% change from the preceding trading day.
WNC enters into a 10-year strategic agreement with Steel Dynamics to secure a steady supply of key steel components for its transportation solutions portfolio.
The latest trading day saw Steel Dynamics (STLD) settling at $123.34, representing a -1.07% change from its previous close.
STLD projects lower Q3 earnings due to reduced steel prices, but maintains a steady backlog extending into 2025.
In the latest trading session, Steel Dynamics (STLD) closed at $111.01, marking a -1.62% move from the previous day.
In the closing of the recent trading day, Steel Dynamics (STLD) stood at $108.74, denoting a -1.81% change from the preceding trading day.
Steel Dynamics (STLD) closed at $113.12 in the latest trading session, marking a -0.74% move from the prior day.
Steel Dynamics (STLD) reported earnings 30 days ago. What's next for the stock?
Steel Dynamics shares have pulled back over 10% from their high due to concerns about the economy, but Q2 results show potential for a bottom. Supported by government programs, potential rate cuts, and low channel inventories, steel demand may inflect higher and boost H2 results. Steel Dynamics' aluminum plant is expected to significantly increase earnings power, leading to a swing in free cash flow and enable ongoing buybacks to push shares higher.
Steel Dynamics, Inc. (NASDAQ:STLD ) Q2 2024 Earnings Conference Call July 18, 2024 11:00 AM ET Company Participants David Lipschitz - Director, IR Mark Millett - Chairman & CEO Theresa Wagler - EVP & CFO Barry Schneider - President & COO Conference Call Participants Carlos De Alba - Morgan Stanley Martin Englert - Seaport Research Partners Tristan Gresser - BNP Paribas Exane Timna Tanners - Wolfe Research Katja Jancic - BMO Andrew Keches - Barclays Bill Peterson - JPMorgan Alex Hacking - Citi Investment Research John Tumazos - Very Independent Research Chris LaFemina - Jefferies Operator Good day and welcome to the Steel Dynamics Second Quarter 2024 Earnings Conference call. At this time, all participants are in a listen-only mode.