Steel Dynamics (STLD) Dips More Than Broader Market: What You Should Know
Steel Dynamics (STLD) declined 1.5% to $237.08, underperforming the S&P 500's 0.59% loss. The stock has fallen 8.55% over the past month, lagging its sector's gains. However, analysts expect strong earnings growth of 108.39% year-over-year with quarterly revenue up 27.4%. The company holds a Zacks Rank #3 (Hold) with a Forward P/E of 14.05, trading at a discount to its industry average.