Steel Dynamics Inc reports results for the quarter ended in March - Earnings Summary

• Steel Dynamics Inc STLD reported quarterly adjusted earnings of $3.67​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of $4.01. The mean expectation of ten analysts for the quarter was for earnings of $3.51 per share. Wall Street expected results to range from $3.27 to $3.58 per share.

• Revenue fell 4.1% to $4.69 billion from a year ago; analysts expected $4.74 billion.

• Steel Dynamics Inc's reported EPS for the quarter was $3.67​.

• The company reported quarterly net income of $584.04 million.

• Steel Dynamics Inc shares had fallen by 7.4% this quarter and gained 16.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 7 "hold" and 3 "sell" or "strong sell."

• Wall Street's median 12-month price target for Steel Dynamics Inc is $136.00

This summary was machine generated from LSEG data April 23 at 10:28 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)