Steel Dynamics shares closed up 2.99% at $245.35, outpacing the S&P 500's 1.14% gain. The company's upcoming quarterly results are projected to show EPS of $5.87, a 114.23% increase from the prior-year quarter, on revenue of $6.22 billion, up 28.86%. Full-year Zacks Consensus Estimates call for earnings of $18.27 per share and revenue of $23.63 billion, representing year-over-year changes of +128.66% and +30.02%, respectively. Over the past month, the Zacks Consensus EPS estimate has risen 6.95%, and Steel Dynamics currently carries a Zacks Rank of #3 (Hold). The stock trades at a Forward P/E of 13.1, a discount to its industry's average of 14.99, with a PEG ratio of 0.43.
Steel Dynamics IncAnalysts raised Steel Dynamics' EPS estimates ahead of earnings, with consensus projecting 114% YoY EPS growth and the stock trading at a discount to its industry.
