Steel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products. This segment also engages in turning, polishing, straightening, chamfering, precision saw-cutting, and heat treating of bar products. Its products are used in construction, automotive, manufacturing, transportation, heavy and agriculture equipment, and pipe and tube markets. The Metals Recycling Operations segment is involved in the ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage, and scrap management services. Its ferrous products include heavy melting steel, busheling, bundled scrap, shredded scrap, steel turnings, and cast-iron products; and nonferrous products comprise aluminum, brass, copper, stainless steel, and other nonferrous metals. The Steel Fabrication Operations segment produces steel non-residential building components, such as steel joists, girders, trusses, and steel deck products for non-residential steel fabricators, metal building companies, general construction contractors, developers, owners, brokers, and governmental entities, as well as e-commerce warehouses, data centers, metal buildings, and education and commercial building projects. The Aluminum Operations segment offers recycled aluminum flat rolled products. The company also exports its products. Steel Dynamics, Inc. was founded in 1993 and is headquartered in Fort Wayne, Indiana.

Steel Dynamics, Inc.

Steel Dynamics, Inc. STLD has agreed to acquire the remaining 55% equity interest in New Process Steel, L.P. It has entered into a definitive agreement with New Process Steel for the transaction, which is subject to customary closing conditions and receipt of regulatory approvals.
New Process Steel is a prominent metal and supply-chain solutions company, headquartered in Houston, TX, with an employee base of approximately 1,275 individuals. It has a long-standing relationship as a significant customer of Steel Dynamics and is currently the latter’s single largest flat roll steel customer. New Process Steel’s high-quality standards, along with a strong customer base, will benefit Steel Dynamics gain more exposure in value-added manufacturing solutions, while also focusing on its legacy flat rolled steel solutions.
The strategic move will result in Steel Dynamics acquiring two manufacturing locations in Mexico and four in the United States, two of which are located at its Butler and Columbus Flat Roll Steel units.
STLD stock has gained 12.4% over the past year against the industry’s 14.7% decline.
Image Source: Zacks Investment Research
The company expects trade uncertainties and tax impacts to mitigate. It remains hopeful that the interest rate environment will improve, unfairly traded imports will decline and the manufacturing sector will keep growing in the United States. As such, scenarios will directly support pricing and demand. Outlook remains positive. U.S. International Trade Commission’s preliminary determinations on coated flat rolled steel are also poised to improve its operating platforms, although final determinations are yet to come out.
STLD’s Zacks Rank & Key Picks
STLD currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Basic Materials space are CF IndustriesHoldings, Inc. CF, Nutrien Ltd. NTR and Carpenter Technology Corporation CRS. While CF and NTR currently sport a Zacks Rank #1 (Strong Buy) each, CRS carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CF’s current-year earnings is pegged at $7.65 per share, indicating a 13.5% year-over-year increase.Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 25.29%. CF’s shares have gained 7.3% in the past year.
The Zacks Consensus Estimate for NTR’s current-year earnings is pegged at $4.30 per share, implying a 23.92% year-over-year surge. Its earnings beat the Zacks Consensus Estimate in one of the trailing four quarters while missing the rest. Its shares have gained 24.2% in the past year.
The Zacks Consensus Estimate for CRS’ fiscal 2025 earnings is pegged at $9.36 per share, indicating a rise of 25.13% from year-ago levels. The company’s earnings beat the consensus estimate in each of the trailing four quarters. Its shares have soared 69.1% in the past year.
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Steel Dynamics to Acquire Remaining Stake in New Process Steel

(RTTNews) - Steel Dynamics, Inc. (STLD) said on Tuesday that it has inked a deal to acquire the remaining 55% equity interest in New Process Steel, L.P., a Houston-based metals solutions and distribution supply-chain management company.
Mark D. Millett, CEO of Steel Dynamics, said:"This acquisition expands our exposure to value-added manufacturing opportunities, while continuing to serve our other long-standing flat-rolled steel customer needs."
With 1,275 staff members, New Process has two manufacturing sites in Mexico and four in the U.S.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Steel Dynamics To Buy Remaining 55% Of New Process Steel

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in GE Vernova Inc (Symbol: GEV), where a total of 15,107 contracts have traded so far, representing approximately 1.5 million underlying shares. That amounts to about 54% of GEV's average daily trading volume over the past month of 2.8 million shares. Especially high volume was seen for the $600 strike put option expiring August 15, 2025, with 472 contracts trading so far today, representing approximately 47,200 underlying shares of GEV. Below is a chart showing GEV's trailing twelve month trading history, with the $600 strike highlighted in orange:
Steel Dynamics Inc. (Symbol: STLD) saw options trading volume of 6,678 contracts, representing approximately 667,800 underlying shares or approximately 49.9% of STLD's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $150 strike call option expiring November 21, 2025, with 3,013 contracts trading so far today, representing approximately 301,300 underlying shares of STLD. Below is a chart showing STLD's trailing twelve month trading history, with the $150 strike highlighted in orange:
And Duke Energy Corp (Symbol: DUK) options are showing a volume of 15,636 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 47.5% of DUK's average daily trading volume over the past month, of 3.3 million shares. Especially high volume was seen for the $130 strike call option expiring September 19, 2025, with 11,460 contracts trading so far today, representing approximately 1.1 million underlying shares of DUK. Below is a chart showing DUK's trailing twelve month trading history, with the $130 strike highlighted in orange:
For the various different available expirations for GEV options, STLD options, or DUK options, visit StockOptionsChannel.com.
Also see:
Top Ten Hedge Funds Holding BLD
HOOD shares outstanding history
RCMT Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Wednesday Option Activity: GEV, STLD, DUK

Key Points
EPS of $2.01 in Q2 2025 missed analyst expectations by 10.3%, and revenue of $4.60 billion in Q2 2025 fell short of the $4.72 billion estimate.
Steel operations operating income rose 66% sequentially, but steel fabrication margins compressed, reflecting ongoing cost pressures.
The first aluminum flat rolled product coils shipped on June 16, 2025; the platform is ramping toward higher utilization in late 2025 and 2026.
Steel Dynamics (NASDAQ:STLD), a major U.S. steel producer with operations spanning steelmaking, metals recycling, and fabrication, released its second-quarter results on July 21, 2025. The biggest news: the company missed Wall Street estimates, posting GAAP earnings per share (EPS) of $2.01 (versus a $2.24 consensus) and GAAP revenue of $4.60 billion ($4.72 billion was expected) in Q2 2025. Year over year, both revenue and profits declined. Still, the company achieved stronger profits than last quarter, supported by improved steel margins and order backlogs. Sequential gains and the first shipment from its new aluminum platform stood out, even as some pockets—like steel fabrication and startup aluminum costs—reflected continued margin pressure and higher expenses.
Metric
Q2 2025
Q2 2025 Estimate
Q2 2024
Y/Y Change
EPS (GAAP)
$2.01
$2.24
$2.72
(26.1%)
Revenue (GAAP)
$4.60 billion
$4.72 billion
$4.63 billion
(1.4%)
Operating Income
$383 million
$559 million
(31.6%)
Adjusted EBITDA
$533 million
$686 million
(22.3%)
Cash Flow From Operations
$302 million
$383 million
(21.2%)
Business Model and Growth Focus
Steel Dynamics is one of North America’s largest domestic steel producers. Its core business is electric-arc furnace (EAF) steelmaking, which uses recycled scrap as its main input. This method reduces environmental impact compared to traditional blast furnace steel and is central to the company’s sustainability strategy. The business also includes steel fabrication, metals recycling, and a new aluminum flat rolled products segment, serving construction, automotive, industrial, and beverage can markets.
Recent priorities include expanding into recycled aluminum products to diversify earnings and end markets. Vertical integration is a key focus, with internal operations—like fabrication shops—using steel and materials produced in-house. Sustainability programs, such as biocarbon and circular manufacturing, help with compliance, cost control, and meeting customer demand for greener supply chains.
Quarter Highlights and Key Segment Trends
For the quarter, consolidated revenue and earnings both fell short of market expectations. Compared to the same period last year, every major earnings measure—revenue, EPS, and operating income—declined, reflecting softer end-market demand, margin compression, and one-off impacts, including a $32 million non-cash asset write-off in steel operations. However, sequential growth was significant: net income rose 37.5% from the previous quarter, and operating income jumped 39.1% from Q1 2025.
In the Steel Operations segment, operating income surged 66% sequentially, driven by improved “metal spreads”—the difference between steel selling prices and the cost of recycled scrap. Realized selling prices increased to $1,134 per ton, while scrap costs rose at a slower pace. Shipments reached 3.35 million tons, surpassing prior-year levels but down slightly from Q1 2025. The Sinton Flat Roll Division faced a supplier-driven oxygen shortage, which lasted more than 65 days and cost around 55,000 tons in lost volume, but production has since normalized.
Steel Fabrication, which produces steel joists, decks, and related building products for construction markets, faced continued margin pressure. Operating income for steel fabrication operations dropped to $93 million compared to both the previous quarter and the same period last year. Average sales prices in this segment declined to $2,517 per ton, reflecting a mix of stable demand and rising input costs. Despite squeezed margins, order activity remained robust; the segment’s backlog is up 15% since January 2025 and now extends into 2026, supporting management’s view that profitability and volume should recover as costs stabilize and new projects move forward.
The Metals Recycling business operates scrap collection and processing facilities, supplying both the company’s steel mills and external buyers. The segment generated $21 million of operating income, down from $26.7 million in Q2 2024, mostly because lower ferrous scrap prices offset record shipment volumes. This part of the business is closely tied to the EAF steel model, supporting cost efficiency and helping to secure critical input supply for both steel and aluminum projects.
The quarter marked a milestone in Aluminum Operations, as the company shipped its first aluminum flat rolled product coils on June 16, 2025. This new platform is aimed at serving the beverage can, automotive, and construction sectors with recycled-content aluminum sheet and coil. The segment posted an operating loss of $40.6 million, reflecting startup and commissioning costs. Management expects the facility to exit 2025 with 40–50% utilization rates and to reach roughly 75% by the end of 2026, pending certifications and full ramp-up. The goal is for aluminum to support the company’s sustainability strategy as the business grows.
Vertical integration and internal consumption continue to play a key role in driving stable volume and supporting earnings. In 2024, the company’s fabrication and processing shops purchased 1.7 million tons of steel from its own mills, about 14% of total steel shipments. Together with its recycling business, this structure helps mitigate volatility in both raw material input costs and finished product pricing. The company also noted recent investments in biocarbon and circular supply chain initiatives, which reduce carbon emissions and support compliance with tightening regulations.
On the capital side, liquidity stood at $1.9 billion on June 30, 2025, after the company repaid $400 million in senior notes. Cash flow from operations totaled $302 million, down from $383 million in the prior-year quarter, with higher capital investments, continued share repurchases, and startup costs for new projects weighing on cash generation. The company repurchased $200 million in shares during Q2 2025, bringing the total to $450 million for the first half of 2025. Capital expenditures reached $288 million.
Outlook and What to Watch
Looking ahead, management expressed cautious optimism, noting that order backlogs and customer demand in key end markets remain healthy. The leadership team expects pent-up demand for steel and aluminum products to strengthen as trade and tax policy uncertainties clear up, especially with trade actions targeting unfairly priced imports. That could benefit the company’s position as the largest U.S. producer of non-automotive coated flat rolled steel and boost contributions from the Sinton Division in late 2025.
For Steel Fabrication, management believes rebuilding profitability should begin in the third quarter as input cost headwinds recede and backlog execution accelerates. The aluminum ramp-up will remain a focal point, with utilization rates and successful product certification critical to future margin growth. The declared quarterly dividend was raised 8.7% year over year to $0.50 per share.
Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted.
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Steel Dynamics Q2 Revenue Falls Short

(RTTNews) - Steel Dynamics (STLD) will host a conference call at 11:00 AM ET on July 22, 2025, to discuss Q2 25 earnings results.
To access the live webcast, log on to https://ir.steeldynamics.com/events-presentations/
To listen to the call, dial +1.973.528.0016.
For a replay call, dial +1.919.882.2331, conference ID number 52671.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Steel Dynamics Q2 25 Earnings Conference Call At 11:00 AM ET

Steel Dynamics (STLD) came out with quarterly earnings of $2.01 per share, missing the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $2.72 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1.95%. A quarter ago, it was expected that this steel producer and metals recycler would post earnings of $1.4 per share when it actually produced earnings of $1.44, delivering a surprise of +2.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Steel Dynamics, which belongs to the Zacks Steel - Producers industry, posted revenues of $4.57 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 1.34%. This compares to year-ago revenues of $4.63 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Steel Dynamics shares have added about 15.4% since the beginning of the year versus the S&P 500's gain of 7.1%.
What's Next for Steel Dynamics?
While Steel Dynamics has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Steel Dynamics was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.04 on $4.67 billion in revenues for the coming quarter and $9.74 on $18.26 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Steel - Producers is currently in the bottom 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Algoma Steel Group Inc. (ASTL), is yet to report results for the quarter ended June 2025. The results are expected to be released on July 29.
This company is expected to post quarterly loss of $0.45 per share in its upcoming report, which represents a year-over-year change of -800%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Algoma Steel Group Inc.'s revenues are expected to be $425.54 million, down 10.5% from the year-ago quarter.
Should You Invest in Steel Dynamics, Inc. (STLD)?
Before you invest in Steel Dynamics, Inc. (STLD), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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Steel Dynamics (STLD) Q2 Earnings and Revenues Lag Estimates

(RTTNews) - Steel Dynamics (STLD) released a profit for second quarter that Drops, from last year
The company's earnings totaled $298.73 million, or $2.01 per share. This compares with $427.99 million, or $2.72 per share, last year.
The company's revenue for the period fell 1.4% to $4.565 billion from $4.632 billion last year.
Steel Dynamics earnings at a glance (GAAP) :
-Earnings: $298.73 Mln. vs. $427.99 Mln. last year. -EPS: $2.01 vs. $2.72 last year. -Revenue: $4.565 Bln vs. $4.632 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Steel Dynamics Q2 Income Falls

The following companies are expected to report earnings after hours on 07/21/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
NXP Semiconductors N.V. (NXPI)is reporting for the quarter ending June 30, 2025. The semiconductor company's consensus earnings per share forecast from the 11 analysts that follow the stock is $2.29. This value represents a 18.21% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for NXPI is 22.61 vs. an industry ratio of 15.30, implying that they will have a higher earnings growth than their competitors in the same industry.
W.R. Berkley Corporation (WRB)is reporting for the quarter ending June 30, 2025. The insurance (property & casualty) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.03. This value represents a 0.96% decrease compared to the same quarter last year. In the past year WRB has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2025 Price to Earnings ratio for WRB is 16.21 vs. an industry ratio of 10.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Steel Dynamics, Inc. (STLD)is reporting for the quarter ending June 30, 2025. The steel company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.04. This value represents a 25.00% decrease compared to the same quarter last year. In the past year STLD has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 2.86%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for STLD is 13.84 vs. an industry ratio of 8.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Alexandria Real Estate Equities, Inc. (ARE)is reporting for the quarter ending June 30, 2025. The reit company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.29. This value represents a 2.97% decrease compared to the same quarter last year. ARE missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -0.42%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ARE is 8.50 vs. an industry ratio of 12.10.
Crown Holdings, Inc. (CCK)is reporting for the quarter ending June 30, 2025. The containers company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.86. This value represents a 2.76% increase compared to the same quarter last year. In the past year CCK has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 36.89%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CCK is 14.94 vs. an industry ratio of 15.60.
Equity Lifestyle Properties, Inc. (ELS)is reporting for the quarter ending June 30, 2025. The reit company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.69. This value represents a 4.55% increase compared to the same quarter last year. In the past year ELS has met analyst expectations three times and beat the expectations the other quarter. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ELS is 20.25 vs. an industry ratio of 15.90, implying that they will have a higher earnings growth than their competitors in the same industry.
AGNC Investment Corp. (AGNC)is reporting for the quarter ending June 30, 2025. The reit company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.42. This value represents a 20.75% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for AGNC is 5.57 vs. an industry ratio of 15.60.
Wintrust Financial Corporation (WTFC)is reporting for the quarter ending June 30, 2025. The bank (midwest) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $2.59. This value represents a 11.64% increase compared to the same quarter last year. Zacks Investment Research reports that the 2025 Price to Earnings ratio for WTFC is 12.55 vs. an industry ratio of 11.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Medpace Holdings, Inc. (MEDP)is reporting for the quarter ending June 30, 2025. The medical services company's consensus earnings per share forecast from the 5 analysts that follow the stock is $3.00. This value represents a 9.09% increase compared to the same quarter last year. In the past year MEDP has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 19.93%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for MEDP is 24.60 vs. an industry ratio of 10.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Zions Bancorporation N.A. (ZION)is reporting for the quarter ending June 30, 2025. The bank (west) company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.31. This value represents a 8.26% increase compared to the same quarter last year. In the past year ZION has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 3.33%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ZION is 10.66 vs. an industry ratio of 11.00.
BOK Financial Corporation (BOKF)is reporting for the quarter ending June 30, 2025. The bank (southwest) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.98. This value represents a 1.98% decrease compared to the same quarter last year. BOKF missed the consensus earnings per share in the 1st calendar quarter of 2025 by -7.46%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for BOKF is 12.97 vs. an industry ratio of 14.70.
RLI Corp. (RLI)is reporting for the quarter ending June 30, 2025. The insurance (property & casualty) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.75. This value represents a 12.79% decrease compared to the same quarter last year. RLI missed the consensus earnings per share in the 4th calendar quarter of 2024 by -14.58%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for RLI is 23.65 vs. an industry ratio of 10.70, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After-Hours Earnings Report for July 21, 2025 : NXPI, WRB, STLD, ARE, CCK, ELS, AGNC, WTFC, MEDP, ZION, BOKF, RLI

Steel Dynamics (STLD) ended the recent trading session at $131.15, demonstrating a +2.89% change from the preceding day's closing price. This change outpaced the S&P 500's 0.54% gain on the day. Meanwhile, the Dow gained 0.52%, and the Nasdaq, a tech-heavy index, added 0.74%.
Shares of the steel producer and metals recycler have depreciated by 2.03% over the course of the past month, underperforming the Basic Materials sector's loss of 0.05%, and the S&P 500's gain of 4.2%.
Investors will be eagerly watching for the performance of Steel Dynamics in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 21, 2025. It is anticipated that the company will report an EPS of $2.04, marking a 25% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.67 billion, up 0.72% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.72 per share and revenue of $18.26 billion, which would represent changes of -1.22% and +4.12%, respectively, from the prior year.
Any recent changes to analyst estimates for Steel Dynamics should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.7% lower. At present, Steel Dynamics boasts a Zacks Rank of #3 (Hold).
With respect to valuation, Steel Dynamics is currently being traded at a Forward P/E ratio of 13.11. This represents no noticeable deviation compared to its industry average Forward P/E of 13.11.
We can additionally observe that STLD currently boasts a PEG ratio of 0.99. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Steel - Producers industry currently had an average PEG ratio of 0.94 as of yesterday's close.
The Steel - Producers industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 199, placing it within the bottom 20% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Steel Dynamics (STLD) Laps the Stock Market: Here's Why

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Vanguard S&P 500 Value ETF (Symbol: VOOV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $209.89 per unit.
With VOOV trading at a recent price near $189.93 per unit, that means that analysts see 10.51% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of VOOV's underlying holdings with notable upside to their analyst target prices are MetLife Inc (Symbol: MET), Bristol Myers Squibb Co. (Symbol: BMY), and Steel Dynamics Inc. (Symbol: STLD). Although MET has traded at a recent price of $76.59/share, the average analyst target is 23.86% higher at $94.87/share. Similarly, BMY has 18.82% upside from the recent share price of $47.17 if the average analyst target price of $56.05/share is reached, and analysts on average are expecting STLD to reach a target price of $149.64/share, which is 17.42% above the recent price of $127.44. Below is a twelve month price history chart comparing the stock performance of MET, BMY, and STLD:
Below is a summary table of the current analyst target prices discussed above:
Name
Symbol
Recent Price
Avg. Analyst 12-Mo. Target
% Upside to Target
Vanguard S&P 500 Value ETF
VOOV
$189.93
$209.89
10.51%
MetLife Inc
MET
$76.59
$94.87
23.86%
Bristol Myers Squibb Co.
BMY
$47.17
$56.05
18.82%
Steel Dynamics Inc.
STLD
$127.44
$149.64
17.42%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	16.44 21.05
Price/Sales	1.20 1.20
P/B	2.30 1.57
P/FCF	0.00 20.51

Indicator	TTM Median
ROE	13.26 10.93
ROA	7.60 5.60
ROI	9.98 7.38
Net Worth	20.14 1.42
Quick Ratio	1.38 1.18
Current Ratio	2.74 1.99

Indicator	TTM Median
Net Profit Margin	6.80 7.56
Operating Margin	8.52 12.32
Gross Margin	13.41 27.83
Return on tangible equity	14.42 14.37

Indicator	TTM Median
EPS	1.44 0.27
EPS Forecast	1.40 0.24
Revenue	4.37B 204.00M
Gross Profit	487.00M —
EBITDA	409.00M —

Steel Dynamics, Inc.

Fundamental STLD

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