Benzinga | Oct 16, 2020 10:05AM EDT

Earnings Preview: Steel Dynamics

On Monday, October 19, Steel Dynamics (NASDAQ: STLD) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Earnings and Revenue

Wall Street expects EPS of $0.47 and sales around $2.20 billion. In the same quarter last year, Steel Dynamics reported EPS of $0.69 on revenue of $2.53 billion. If the company were to match the consensus estimate, earnings would be down 31.88%. Sales would have fallen 12.94% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019EPS Estimate 0.32 0.79 0.55 0.70EPS Actual 0.47 0.88 0.62 0.69Revenue Estimate 2.06 B 2.56 B 2.33 B 2.67 BRevenue Actual 2.09 B 2.58 B 2.37 B 2.53 B

Stock Performance

Over the last 52-week period, shares are up 16.0%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Steel Dynamics is scheduled to hold the call at 10:00:00 ET and can be accessed here: https://www.steeldynamics.com/