Steel Dynamics Sees Q2 Rebound From Q1 But Still Trails Street Forecast
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Earnings Guidance: Steel Dynamics Inc. projected second-quarter 2025 earnings between $2.00 and $2.04 per share, falling short of the $2.64 consensus estimate but improving from the previous quarter's $1.44. The company expects better profitability in its core steel operations despite a $32 million noncash write-off impacting pretax earnings.
Operational Updates: The steel fabrication segment is anticipated to see declining earnings due to compressed margins, while the metals recycling segment is expected to perform steadily. Additionally, the commissioning of new aluminum facilities is on track for initial shipments by mid-2025.
Analyst Views on SLX
Wall Street analysts forecast SLX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
