Mark your calendars for Wednesday 16th October 2024, as Steel Dynamics (NASDAQ: STLD) will be revealing its third quarter financial results. This highly awaited announcement is scheduled to take place after market close, pave the way to review a period of expectation and anticipation.
According to the forecasts of financial experts on Wall Street, the organization is expected to reveal an anticipated $1.97 profit per share for the quarter. Additionally, the firm is poised to disclose a quarterly revenue of $4.18 billion.
The per-share income of $3.47 was highlighted in the company's earnings report for the same quarter of the prior year. This notable figure was achieved due to the company's impressive total revenue of $4.59 billion recorded during that specific period.
Analysts have provided their projections for the company's full-year performance, revealing that they expect the company to generate a total revenue of $17.72 billion. At the same time, the earnings per share for the company are also anticipated to reach profit of $10.29 during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $2.72 | -43.5% | 4.63 B | -8.8% |
| Q1 2024 | $3.67 | -8.5% | 4.69 B | -4.1% |
| Q4 2023 | $2.61 | -40.3% | 4.23 B | -12.3% |
| Q3 2023 | $3.47 | -36.4% | 4.59 B | -18.8% |
| Q2 2023 | $4.81 | -28.5% | 5.08 B | -18.2% |
| *Growth on year-over-year basis | ||||
STLD has scheduled a conference call on 17th October 2024 at 11:00 AM eastern time to discuss the third quarter financial results and other related information.
Steel Dynamics (STLD) closed Monday's regular trading session at $130.18, reflecting a 0.25 percent gain, with a volume of 644.90 thousand shares.
