Steel Dynamics, Inc. (NASDAQ:STLD) is reporting third quarter financial results on Monday 19th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, STLD is expected to report 3Q20 income of $ 0.47 per share from revenue of $ 2211.56 million.
For the full year, analysts anticipate top line of $ 9159.70 million, while looking forward to income of $ 2.34 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.46 ~ $ 0.50 per share
Click Here For More Historical Outlooks Of Steel Dynamics, Inc.
Previous Quarter Performance
Steel Dynamics, Inc. revealed income for the second quarter of $ 0.47 per share, from the revenue of $ 2,094.00 million. The quarterly earnings dropped 45.98 percent while revenues contracted 24.42 percent compared with the same quarter last year.
Street analysts expected Steel Dynamics, Inc. to report income of $ 0.32 per share on revenue of $ 2056.93 million for the second quarter. The bottom line results beat street analysts by $ 0.15 or 46.88 percent, at the same time, top line results outshined analysts by $ 37.07 million or 1.80 percent.
Stock Performance
On Friday, shares of Steel Dynamics, Inc. has traded high as $ 33.75 and has cracked $ 33.12 on the downward trend, reaching $ 33.39 with volume of 1.42 million shares.
According to the previous trading day, closing price of $ 33.39, representing a 122.90 % increase from the 52 week low of $ 14.98 and a 6.68 % decrease over the 52 week high of $ 35.78.
The company has a market capital of $ 7.02 billion and is part of the Basic Materials sector and Steel industry.
Conference Call
Steel Dynamics, Inc. will be hosting a conference call at 10:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.steeldynamics.com
Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections.
