Q3 Earnings Outlook For Steel Dynamics

Steel Dynamics STLD unveils its next round of earnings Wednesday. Get prepared with Benzinga's ultimate preview for Steel Dynamics's Q3 earnings.

Earnings and Revenue

Wall Street expects EPS of $1.66 and sales around $3.14 billion.

In the same quarter last year, Steel Dynamics reported EPS of 66 cents on revenue of $2.44 billion. If the company were to post earnings inline with the consensus estimate when it reports Wednesday, EPS would be up 151.52 percent. Sales would be up 28.53 percent on a year-over-year basis. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance

Over the last 52-week period, shares of Steel Dynamics are up 9.05 percent. Over the past 90 days, analysts' have adjusted their estimates higher for EPS and revenues. The average rating by analysts on Steel Dynamics stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.