Published on 25 Apr 2024 on Simply Wall St. via Yahoo Finance
Steel Dynamics, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Steel Dynamics, Inc. (NASDAQ:STLD) shareholders are probably feeling a little disappointed, since its shares fell 6.5% to US$130 in the week after its latest quarterly results. Steel Dynamics reported US$4.7b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$3.67 beat expectations, being 6.5% higher than what the analysts expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
View our latest analysis for Steel Dynamics
