Metal Dynamics (STLD) reported $4.34 billion in income for the quarter ended September 2024, representing a year-over-year decline of 5.4%. EPS of $2.05 for a similar interval compares to $3.47 a 12 months in the past.
The reported income represents a shock of +2.12% over the Zacks Consensus Estimate of $4.25 billion. With the consensus EPS estimate being $1.98, the EPS shock was +3.54%.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher venture a inventory’s worth efficiency.
Right here is how Metal Dynamics carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Metal – Common exterior gross sales worth (Per ton): 1,059 $/ton versus the four-analyst common estimate of 1,046.43 $/ton.
- Metal Fabrication – Common gross sales worth (Per ton): 2,836 $/ton in comparison with the two,864.09 $/ton common estimate based mostly on 4 analysts.
- Metal – Exterior Shipments (Tons): 2,754.85 KTon versus the four-analyst common estimate of two,810.77 KTon.
- Metal Fabrication – Shipments (Tons): 158.6 KTon versus 155.5 KTon estimated by 4 analysts on common.
- Metal – Common ferrous value (Per ton melted): 367 $/ton versus the three-analyst common estimate of 362.66 $/ton.
- Metal – Flat Roll shipments – Butler, Columbus and Sinton: 1,924.1 KTon in comparison with the 1,954.7 KTon common estimate based mostly on three analysts.
- Metals Recycling – Ferrous shipments (Gross tons): 1,459.21 KTon versus the three-analyst common estimate of 1,483.17 KTon.
- Metal – Flat Roll shipments – Metal Processing Divisions: 471.44 KTon versus 437.68 KTon estimated by three analysts on common.
- Exterior Web Gross sales- Metal: $2.92 billion versus the four-analyst common estimate of $2.94 billion. The reported quantity represents a year-over-year change of -7%.
- Exterior Web Gross sales- Metal Fabrication: $447.27 million versus $444.09 million estimated by 4 analysts on common. In comparison with the year-ago quarter, this quantity represents a -29% change.
- Exterior Web Gross sales- Metals Recycling: $565.60 million versus the four-analyst common estimate of $555.76 million. The reported quantity represents a year-over-year change of +8.6%.
- Exterior Web Gross sales- Different: $411.73 million versus the three-analyst common estimate of $298.80 million. The reported quantity represents a year-over-year change of +37.4%.
View all Key Company Metrics for Steel Dynamics here>>>
Shares of Metal Dynamics have returned +12.2% over the previous month versus the Zacks S&P 500 composite’s +3.5% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it may carry out consistent with the broader market within the close to time period.
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