Steel Dynamics Inc reports results for the quarter ended September 30 - Earnings Summary

Steel Dynamics

Mon 22:01

Steel Dynamics Inc STLD.OQ reported quarterly adjusted earnings of $5.26​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $2.74.  The mean expectation of twelve analysts for the quarter was for earnings of $5.41 per share. Wall Street expected results to range from $5.36  to $5.50 per share.
Revenue rose 34.8% to $6.51 billion from a year ago; analysts expected $6.43 billion. 
Steel Dynamics Inc's reported EPS for the quarter was $5.26​.
The company reported quarterly net income of $756 million.
Steel Dynamics Inc shares had risen by 8.5% this quarter and gained 42.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 3.1% in the last three months.​ 
In the last 30 days, three analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is also "buy" 
Wall Street's median 12-month price target for Steel Dynamics Inc is $270.00, about 10.9% above its last closing price of $240.54
This summary was machine generated from LSEG data October 19 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING
ESTIMATE 
ACTUAL
BEAT, MET, MISSED
Sep. 30 2026 
5.41
5.26
Missed
Jun. 30 2026 
3.64
3.81
Beat
Mar. 31 2026 
2.79
2.78
Missed
Dec. 31 2025 
1.69
1.82
Beat