DailyIQ
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Sector:Basic MaterialsAll sectors
Last updated 4 minutes ago

STLD·Steel Dynamics, Inc.

$.
+. (+.%)
After Hours
High
$229.24
Open
$222.40
Market Cap
32.94B
52W High
$288.74
Low
$222.06
P. Close
$228.37
P/E
24.01
52W Low
$119.89
Fwd P/E
12.14
DailyIQ Est.
$276.28
Technical Score (1D)
59
BUY
News Sentiment
58
BULLISH
Steel Dynamics reported a 2.93 % decline in the latest session, lagging the broader market as analysts focus on its revised Q1 outlook. The company now projects Q1 EPS of $3.66, up 82 % YoY, and revenue of $5.46 billion, a 19.5 % increase, while full‑year consensus remains strong at $16.73 EPS and $22.32 billion revenue. These forward‑looking numbers set the stage for the upcoming Q2 2026 earnings release, scheduled after market close on July 20, with an earnings call on July 21 at 11:00 a.m. EDT. The call will probe operating performance, margin outlook, and capacity utilization—key levers that could confirm or temper the optimistic Q1 guidance. In the meantime, Bank of America has trimmed its price target to $260 from $280, citing uncertainty over commodity price swings and supply‑chain constraints, while BNP Paribas lifted its target to $265, reflecting confidence in steel demand and earnings prospects. The divergent analyst views underscore the short‑term volatility risk and the importance of monitoring raw‑material cost trends and U.S. steel demand data. Traders should watch the earnings call for any updates on margin expansion, as a tighter cost structure or weaker pricing power could erode the projected upside. Additionally, keep an eye on commodity price movements, particularly iron ore and scrap, which directly influence input costs and margin compression. Finally, any subsequent guidance revisions or shifts in the price‑target consensus will likely drive the next 1–10 trading days’ price action.
Earnings Summary
Steel Dynamics, Inc. (STLD) is a vertically integrated steel producer and recycler that manufactures a broad range of hot and cold‑rolled steel, structural beams, and specialized bar products for construction, automotive, and manufacturing, while also processing ferrous and nonferrous scrap and producing recycled aluminum flat‑rolled products. In the last two quarters with reported EPS, Q1 2026 delivered an EPS of $2.78 and revenue of $5.20 billion, up from Q2 2025’s EPS of $2.01 and revenue of $4.57 billion; compared with the preceding two quarters, Q4 2025’s EPS of $1.82 and revenue of $4.41 billion and Q3 2025’s EPS of $2.74 and revenue of $4.83 billion, the company posted higher earnings and top‑line growth, with EPS rising 38 % from Q2 2025 to Q1 2026 and revenue climbing 14 % from Q3 2025 to Q1 2026. Historically, year‑over‑year revenue has accelerated, with Q1 2026 revenue up 19 % versus Q1 2025 and EPS growth has been robust, with Q1 2026 EPS nearly double the Q1 2025 figure; the firm has consistently beat analyst estimates in five of the last six quarters, missing only Q2 2025. Recent analyst commentary highlights mixed sentiment: Bank of America lowered its target to $260 citing commodity price volatility, BNP Paribas raised its target to $265 on the back of stronger profitability expectations, and Argus Research cut its target to $257 amid margin compression concerns, all underscoring the importance of the forthcoming Q2 2026 earnings release and guidance. Investors should watch the Q2 2026 earnings call for commentary on margin outlook, capacity utilization, and commodity price trends, as these factors will determine whether the company can sustain its recent growth trajectory and address the divergent analyst views.

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 $225.00, giving Steel Dynamics, Inc. a market cap of 32.94B and a P/E ratio of 24.0. Today's range spans $222.06–$229.24, with shares opening at $222.40 and moving down $3.37 (1.5%) from the prior close. DailyIQ's technical score sits at 59/100 (HOLD) with a news sentiment reading of 58/100.

Over the past year STLD has traded between $119.89 and $288.74 - the current price is +87.7% off the 52-week low and -22.1% from the high. 22 analysts cover the stock with a Buy consensus and a mean 12-month target of $271.83 (range $221.00–$310.00), implying upside of +20.8%.

Volatility for STLD is compressed - a HOLD signal (59/100) with neutral sentiment (58/100) at $225.00 (in the middle of its 52-week range) in a large-cap Basic Materials name (32.94B market cap) is the kind of setup where realized volatility undershoots implied. The current P/E ratio stands at 24.0. Annual range: $119.89–$288.74. That compression typically resolves with a sharp directional move - the question is timing and catalyst, not direction, because HOLD signals at this scale don't stay neutral indefinitely.

In neutral phases, large-cap Basic Materials names like STLD are often where sector rotation debates play out quietly — at 32.94B in capitalization, the stock receives incremental allocation from funds reducing mega-cap exposure without the volatility of a small-cap entry. The 59/100 (HOLD) and neutral sentiment (58/100) at $225.00 (in the middle of its 52-week range) describe a stock that is being considered rather than avoided.