Steel Dynamics (STLD) closed at $190.00 in the latest trading session, marking a +1.3% move from the prior day. This move outpaced the S&P 500's daily gain of 0.62%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 0.83%.
The stock of steel producer and metals recycler has risen by 1.79% in the past month, lagging the Basic Materials sector's gain of 1.87% and overreaching the S&P 500's gain of 0.8%.
The upcoming earnings release of Steel Dynamics will be of great interest to investors. The company's earnings report is expected on April 20, 2026. The company is predicted to post an EPS of $2.78, indicating a 93.06% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $5.1 billion, up 16.68% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $13.47 per share and revenue of $20.87 billion, indicating changes of +68.59% and +14.81%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Steel Dynamics. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.92% decrease. Steel Dynamics presently features a Zacks Rank of #4 (Sell).
Digging into valuation, Steel Dynamics currently has a Forward P/E ratio of 13.93. This denotes no noticeable deviation relative to the industry average Forward P/E of 13.93.
Also, we should mention that STLD has a PEG ratio of 0.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Steel - Producers industry currently had an average PEG ratio of 0.52 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 214, placing it within the bottom 13% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow STLD in the coming trading sessions, be sure to utilize Zacks.com.
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Steel Dynamics, Inc. (STLD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).