Steel Dynamics, Inc.· STLD

Steel Dynamics Q3 Pre-Announcement Is Nothing Unusual

Steel Dynamics pre-announced a Q3 EPS of $5.34–$5.38, well above prior quarters, driven by metal margin expansion and record steel shipments. STLD expects Q3 revenues of $6.42B, up 5.5% sequentially and 33% year-over-year, with strong demand across non-residential construction, energy, automotive, and industrial markets. Steel fabrication and aluminum operations are set to improve, with fabrication backlog nearly 50% higher year-over-year and all three aluminum cold mills now operational.

Steel Dynamics and Nucor Fall as Guidance Disappoints. What It Means for the Steel Sector.

Steel Dynamics and Nucor each fall after the steel manufacturers issue underwhelming guidance.

Steel Dynamics (STLD) Recently Broke Out Above the 50-Day Moving Average

After reaching an important support level, Steel Dynamics (STLD) could be a good stock pick from a technical perspective. STLD surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.

Steel Dynamics Expects Higher Q3 Earnings on Strong Steel Demand

STLD expects a sharp Q3 earnings jump as stronger steel margins, record shipments, higher prices and lower scrap costs boost results.

Stock Futures Mixed After Thursday's Rebound

Stock futures are mixed after last session's rebound, with several Fed officials scheduled to make remarks

Steel Dynamics price target lowered to $275 from $291 at Wells Fargo

Steel Dynamics price target raised to $272 from $270 at Barclays

Steel Dynamics price target lowered to $260 from $270 at Morgan Stanley

Morgan Stanley on Steel Dynamics (STLD): expect shares to underperform today following weak guidance

Steel Dynamics price target raised to $190 from $165 at KeyBanc