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As you might know, Steel Dynamics, Inc. (NASDAQ:STLD) just kicked off its latest quarterly results with some very strong numbers. Results were good overall, with revenues beating analyst predictions by 4.6% to hit US$4.4b. Statutory earnings per share (EPS) came in at US$1.44, some 2.3% above whatthe analysts had expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, the current consensus from Steel Dynamics' twelve analysts is for revenues of US$18.7b in 2025. This would reflect a solid 8.5% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to shoot up 25% to US$9.88. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$18.7b and earnings per share (EPS) of US$9.84 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
Check out our latest analysis for Steel Dynamics
The analysts reconfirmed their price target of US$146, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Steel Dynamics, with the most bullish analyst valuing it at US$155 and the most bearish at US$138 per share. This is a very narrow spread of estimates, implying either that Steel Dynamics is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 11% growth on an annualised basis. That is in line with its 11% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 4.6% per year. So it's pretty clear that Steel Dynamics is forecast to grow substantially faster than its industry.