Steel Dynamics (STLD) PT Raised to $40 at BMO Capital

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Go back to Steel Dynamics (STLD) PT Raised to $40 at BMO Capital

Steel Dynamics (STLD) Misses Q2 EPS by 2c, Comments on Outlook

July 23, 2019 6:23 AM EDT

Steel Dynamics (NASDAQ: STLD) reported Q2 EPS of $0.87, $0.02 worse than the analyst estimate of $0.89. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.82 billion.

Outlook

"Based on domestic steel demand fundamentals, we are constructive concerning second half 2019 North American steel market dynamics," said Millett. "We believe steel consumption will experience modest growth and will be supported by further steel import... More