Will These Numbers From Steel Dynamics Be Good Enough for You?

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Steel Dynamics (Nasdaq: STLD) is expected to report Q2 earnings on July 23. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Steel Dynamics' revenue will contract 2.3% and EPS will contract 55.8%.

The average estimate for revenue is $2.03 billion. On the bottom line, the average EPS estimate is $0.19.

Revenue details
Last quarter, Steel Dynamics reported revenue of $1.98 billion. GAAP reported sales were 1.7% lower than the prior-year quarter's $2.02 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.20. GAAP EPS of $0.20 for Q1 were 57% lower than the prior-year quarter's $0.46 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 10.2%, 450 basis points worse than the prior-year quarter. Operating margin was 6.0%, 420 basis points worse than the prior-year quarter. Net margin was 2.3%, 300 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $8.09 billion. The average EPS estimate is $0.81.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 946 members out of 983 rating the stock outperform, and 37 members rating it underperform. Among 192 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 185 give Steel Dynamics a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Steel Dynamics is outperform, with an average price target of $18.19.

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