DailyIQ
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Sector:Basic MaterialsAll sectors
Last updated 4 minutes ago

STLD·Steel Dynamics, Inc.

$.
-. (-.%)
After Hours
High
$233.00
Open
$230.03
Market Cap
32.51B
52W High
$288.74
Low
$221.52
P. Close
$221.96
P/E
23.69
52W Low
$119.89
Fwd P/E
12.22
DailyIQ Est.
$275.70
Technical Score (1D)
50
NEUTRAL
News Sentiment
57
BULLISH
Steel Dynamics will release its Q2 2026 earnings after market close on July 20, with a call scheduled for July 21 at 11:00 a.m. EDT where CEO Mark Millett, CFO Theresa Wagler and COO Barry Schneider will discuss operating performance, margin outlook and capacity utilization. The timing of the call means that any surprises in earnings or guidance will be priced into the stock within the next few trading days. Bank of America recently lowered its price target for STLD to $260 from $280, citing uncertainty around commodity price swings and supply‑chain constraints. This downgrade signals that analysts are wary of short‑term downside risk, and the upcoming earnings will be critical to confirm whether the company can maintain margins amid volatile input costs. If the earnings report shows stronger‑than‑expected margins or higher capacity utilization, it could counter the BofA view and support a rebound in the near term. Conversely, weaker margins or lower utilization would reinforce the cautionary stance and could lead to a short‑term decline. Traders should watch the earnings call for any commentary on future steel demand in the U.S. market, as that will influence the company’s revenue outlook. Additionally, keep an eye on any updates regarding commodity price trends and supply‑chain disruptions that could affect the company’s cost structure. Finally, monitor the market’s reaction to the earnings release and any subsequent analyst revisions, as these will shape the stock’s trajectory over the next 1–10 trading days.
Earnings Summary
Steel Dynamics, Inc. (STLD) is a vertically integrated steel producer and metal recycler that supplies hot and cold‑rolled steel, structural beams, and specialized bar products to construction, automotive, and manufacturing sectors while also processing ferrous and nonferrous scrap and fabricating steel components for non‑residential buildings. The company’s integrated operations and export capabilities position it as a key player in the North American basic‑materials market. In the most recent two quarters, STLD’s EPS rose from $1.82 in Q4 2025 to $2.78 in Q1 2026, while revenue climbed from $4.414 billion to $5.205 billion, reflecting a 18.5% YoY increase; the prior two quarters saw EPS grow from $2.01 to $2.74 and revenue from $4.565 billion to $4.828 billion, indicating a steady upward trajectory. The company has consistently beat analyst estimates, posting EPS beats in five of the last six quarters, though it missed guidance in Q2 2025 and Q1 2026, suggesting occasional margin pressure. Historically, STLD has delivered double‑digit revenue growth year over year, with EPS growth accelerating from 34% in Q4 2024 to 93% in Q1 2026, yet the recent guidance downgrade and margin compression signals a potential slowdown. Recent analyst commentary highlights conflicting views: Argus Research trimmed its target price citing weaker earnings guidance, while Morgan Stanley and Keybanc raised targets on cost‑control confidence, underscoring uncertainty around margin sustainability. Investors should watch the forthcoming Q2 2026 earnings release for confirmation of the $3.51–$3.55 EPS guidance, any updates on cost‑control initiatives or capital‑expenditure plans, and steel demand data in North America, as these factors will shape near‑term outlook for margins and growth.

EPS

EstBeatMiss
$1.05$1.77$2.50$3.22$3.95Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$3.61 - -
Q1'26$2.84$2.78-2.1%
Q4'25$1.72$1.82+5.5%
Q3'25$2.63$2.74+4.2%
Q2'25$2.08$2.01-3.5%
Q1'25$1.38$1.44+4.0%

Revenue

EstBeatMiss
$4.2B$4.6B$5.0B$5.5B$5.9BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$5.7B - -
Q1'26$5.2B$5.2B+0.1%
Q4'25$4.7B$4.4B-5.4%
Q3'25 - $4.8B -
Q2'25 - $4.6B -
Q1'25 - $4.4B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

STLD Stock Snapshot

STLD is currently trading at $222.06, giving Steel Dynamics, Inc. a market cap of 32.51B and a P/E ratio of 23.7. Today's range spans $221.52–$233.00, with shares opening at $230.03 and moving up $0.10 (0.0%) from the prior close. DailyIQ's technical score sits at 50/100 (HOLD) with a news sentiment reading of 57/100.

Over the past year STLD has traded between $119.89 and $288.74 - the current price is +85.2% off the 52-week low and -23.1% from the high. 22 analysts cover the stock with a Buy consensus and a mean 12-month target of $271.25 (range $221.00–$310.00), implying upside of +22.2%.

It's a pause for STLD: technical score 50/100 (HOLD), sentiment neutral (57/100), price $222.06 (in the middle of its 52-week range). (P/E: 23.7) At 32.51B in Basic Materials market cap, pauses like this often occur when the stock has run ahead of near-term fundamental catalysts and is waiting for earnings or macro data to validate the prior move. Annual range: $119.89–$288.74. The consolidation is the story for now.

In neutral phases, large-cap Basic Materials names like STLD are often where sector rotation debates play out quietly — at 32.51B in capitalization, the stock receives incremental allocation from funds reducing mega-cap exposure without the volatility of a small-cap entry. The 50/100 (HOLD) and neutral sentiment (57/100) at $222.06 (in the middle of its 52-week range) describe a stock that is being considered rather than avoided.