Steel Dynamics Earnings Are on Deck
Steel Dynamics (NAS: STLD) is expected to report Q2 earnings on July 17. 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's revenues will wane -5.1% and EPS will decrease -35.0%.
The average estimate for revenue is $1.81 billion. On the bottom line, the average EPS estimate is $0.13.
Last quarter, Steel Dynamics tallied revenue of $1.80 billion. GAAP reported sales were 9.4% lower than the prior-year quarter's $1.98 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.21. GAAP EPS of $0.21 for Q1 were 5.0% higher than the prior-year quarter's $0.20 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 9.8%, 40 basis points worse than the prior-year quarter. Operating margin was 5.4%, 60 basis points worse than the prior-year quarter. Net margin was 2.7%, 40 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $7.28 billion. The average EPS estimate is $0.87.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 927 members out of 965 rating the stock outperform, and 38 members rating it underperform. Among 171 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 164 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 $17.16.
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The article Steel Dynamics Earnings Are on Deck originally appeared on Fool.com.
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