Benzinga | Jan 21, 2022 10:10AM EST

Steel Dynamics Earnings Preview

Steel Dynamics (NASDAQ:STLD) is set to give its latest quarterly earnings report on Monday, 2022-01-24. Here's what investors need to know before the announcement.

Analysts estimate that Steel Dynamics will likely report an Earnings Per Share (EPS) of $5.64.

Steel Dynamics bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Historical Earnings Performance

Last quarter the company beat EPS by $0.39, which was followed by a 1.73% increase in the share price the next day.

Here's a look at Steel Dynamics's past performance and the resulting price change:

Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 4.57 3.42 1.89 0.83EPS Actual 4.96 3.40 2.10 0.97Price Change % 1.73% 2.11% -2.09% -4.76%

Stock Performance

Shares of Steel Dynamics were trading at $56.96 as of January 20. Over the last 52-week period, shares are up 42.3%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.