Steel Dynamics Reports Fourth Quarter and Annual 2024 Results
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BofA Securities Reiterates Buy Rating on Steel Dynamics (STLD)
January 23, 2025 6:41 AM ESTBofA Securities analyst Lawson Winder reiterated a Buy rating and $165.00 price target on Steel Dynamics (NASDAQ: STLD)
The analyst comments "guidance, BofAe, and consensus estimates. While segment results were largely in-line to BofAe, non-segment/corporate expenses where higher than expected. However,... More
Steel Dynamics (STLD) Misses Q4 EPS by 5c
January 22, 2025 5:02 PM ESTSteel Dynamics (NASDAQ: STLD) reported Q4 EPS of $1.36, $0.05 worse than the analyst estimate of $1.41. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $4.02 billion.
Outlook
"We believe the market dynamics are in place to support increased demand across our operating platforms in 2025," said Millett. "Steel pricing has stabilized, and customer optimism continues to be solid across our steel operations, as demand continues to be steady. In addition, we believe demand for lower-carbon emission, U.S. produced steel products will also support future domestic steel pricing. The continued onshoring of... More
