BETA
This is a BETA experience. You may opt-out by clicking here

More From Forbes

Edit Story

Profit Expected to Dip for Steel Dynamics

This article is more than 8 years old.

Despite an expected dip in profit, analysts are generally optimistic about Steel Dynamics as it prepares to reports its first-quarter earnings on Monday, April 20, 2015. The consensus earnings per share estimate is 14 cents per share.

The consensus estimate has dipped over the past three months from 47 cents. Analysts are projecting earnings of $1.40 per share for the fiscal year. Revenue is expected to be $2.15 billion for the quarter, 17% higher than the year-earlier total of $1.83 billion. For the year, revenue is projected to roll in at $8.84 billion.

The loss in the most recent quarter snapped a three-quarter earnings streak.

The majority of analysts (92%) rate Steel Dynamics as a buy. This compares favorably to the analyst ratings of 10 similar companies, which average 35% buys.

Steel Dynamics, together with its subsidiaries, is a domestic manufacturer of steel products and metals recycler. Nucor, also in the iron and steel industry, will report earnings on Thursday, April 23, 2015. Analysts are expecting earnings of $0.14 per share for Nucor. Other companies in the iron and steel industry with upcoming earnings release dates include: United States Steel, AK and Grupo Simec S.A.B. de C.V.

Earnings estimates provided by Zacks.

Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.