Steel Dynamics Forecasts Q4 Earnings Per Share of $2.60 – $2.64

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Steel Dynamics ($NASDAQ:STLD) Inc., one of the largest steel producers in the United States, recently forecasted that their fourth quarter earnings per share will be in the range of $2.60 to $2.64. This is a positive sign for the company who has been consistently performing well in recent quarters. The stock price of Steel Dynamics has been trading well due to their consistent performance.

In addition, the company has seen their steel fabrication and downstream steel segments perform particularly well. Analysts have responded positively to the news of Steel Dynamics’ fourth quarter earnings projection. Many are expecting the company’s stock to continue to rise as they have performed better than expected in each of the previous quarters. This news is a good sign for the stock as the market looks positively at companies that can exceed expectations. Overall, Steel Dynamics’ fourth quarter earnings projection is a positive sign for investors and analysts alike. The company’s ability to exceed expectations in recent quarters bodes well for their future outlook. With their fourth quarter earnings forecast coming in strong, investors are sure to remain optimistic about the company’s future prospects.

Earnings

Steel Dynamics recently released their earning report for the third quarter of their fiscal year 2023 ending September 30, 2021. In their report, the company reported a total revenue of 5088.29M USD and net income of 990.76M USD. Compared to the same quarter of the previous year, this marks a 10.0% decrease in total revenue and an 8.4% increase in net income.

Over the last three years, STEEL DYNAMICS‘s total revenue has dropped from 5088.29M USD to 4587.06M USD. Further to the report, STEEL DYNAMICS has forecasted earnings per share for the fourth quarter of 2021 in the range of $2.60 to $2.64.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Steel Dynamics. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Steel Dynamics. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Steel Dynamics. More…

Key Ratios Snapshot

Some of the financial key ratios for Steel Dynamics are shown below. More…

Stock Price

Steel Dynamics, Inc. recently announced that they forecasted their fourth-quarter earnings per share to be between $2.60 and $2.64. This news was met with excitement from investors as the company’s stock opened at $120.2 on Friday and closed at $124.5, up 4.5% from its previous closing price of $119.1. The company has been thriving due to its focus on sustainable production and its push to reduce its environmental impact, while still producing quality steel products.

This earned them an increase in demand, which in turn caused their stock to rise. With the fourth-quarter earnings estimate, investors are expecting a continued rise in stock prices and further success from STEEL DYNAMICS. Live Quote…

Analysis

GoodWhale has conducted an analysis of STEEL DYNAMICS‘ wellbeing and we are pleased to report positive results. After looking at the Star Chart, we can see that STEEL DYNAMICS is performing well in terms of asset, dividend, growth, and profitability. Based on these results, we would classify STEEL DYNAMICS as a “rhino” type of company, which is one that has achieved moderate revenue or earnings growth. Investors who may be interested in such a company are those who are looking for steady investment returns with moderate risks. We are also pleased to report that STEEL DYNAMICS has a high health score of 10/10 with regard to its cashflows and debt, making it capable of safely riding out any crisis without the risk of bankruptcy. More…

Peers

The steel industry is extremely competitive, with Steel Dynamics Inc. facing stiff competition from BCH JSC, KG Dongbusteel, Kalyani Steels Ltd, and other companies. Steel Dynamics Inc. has remained a strong competitor by investing in new technologies and expanding its production capabilities. The company has also been able to keep its costs low by utilizing its large scale and efficient operations.

– BCH JSC ($HNX:BCA)

Dongbu Steel is one of the largest steel manufacturers in South Korea. The company has a market cap of 895.02B as of 2022 and a return on equity of 17.61%. Dongbu Steel produces a wide range of steel products including hot and cold rolled steel, galvanized steel, stainless steel, and more. The company also has a large presence in the global market, with plants and offices in countries such as the United States, China, and India.

– KG Dongbusteel ($KOSE:016380)

Kalyani Steels Ltd is an Indian steel company with a market cap of 13.05 billion as of 2022. The company has a return on equity of 11.27%. The company produces a range of steel products including rebars, wire rods, and merchant products. The company has a strong presence in the Indian market and is expanding its operations in the international market.

Summary

Steel Dynamics is currently a popular stock for investors, due to its strong financials and consistent performance. The company recently forecasted fourth quarter earnings of between $2.60 and $2.64 per share, which has driven up the stock price. The strong outlook signals that the company is positioning itself well to capitalize on the current market conditions. Investors can expect the company to continue to perform well in the coming quarters, making Steel Dynamics an attractive investment for those looking for steady returns in the markets.