Steel Dynamics Inc reports results for the quarter ended June 30 - Earnings Summary

• Steel Dynamics Inc STLD reported quarterly adjusted earnings of $2.01​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.72. The mean expectation of ten analysts for the quarter was for earnings of $2.10 per share. Wall Street expected results to range from $2.02 to $2.25 per share.

• Revenue fell 1.5% to $4.57 billion from a year ago; analysts expected $4.76 billion.

• Steel Dynamics Inc's reported EPS for the quarter was $2.01​.

• The company reported quarterly net income of $298.73 million.

• Steel Dynamics Inc shares had risen by 2.8% this quarter and gained 15.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is also "buy"

• Wall Street's median 12-month price target for Steel Dynamics Inc is $149.50, about 12% above its last closing price of $131.63

This summary was machine generated from LSEG data July 21 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)