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Key for Investors: Analyzing Steel Dynamics 2Q15 Earnings

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Key for Investors: Analyzing Steel Dynamics 2Q15 Earnings PART 1 OF 7

Steel Dynamics’ 2Q15 Earnings Release Sparks a Buying Spree

Steel Dynamics’ 2Q15 earnings release

Steel Dynamics (STLD) released its 2Q15 earnings on July 20. It reported an EPS (earnings per share) of $0.13. The results were in line with market expectations as well as guidance provided by the company. Earlier, Steel Dynamics had given an EPS guidance of $0.11–$0.15.

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Steel Dynamics’ 2Q15 earnings sparked a buying spree. This sent its share price up by ~10% in intraday trade. It erased some of the gains and finally closed at $19.39—up 3.25% from its previous close. The average traded volume on July 21 was more than 3x its three-month average. Steel Dynamics has been among the better performing steel companies. The above chart shows the company’s recent stock market performance.

Other steel companies

The coming week is action packed for steel investors. Now, Nucor (NUE) is the largest US steel company—in terms of installed capacity. It released its 2Q15 earnings on July 23. Nucor delivered an EPS of $0.39 during the quarter. Currently, Nucor forms 4.55% of the SPDR S&P Metals and Mining ETF (XME) and 2.43% of the Materials Select Sector SPDR ETF (XLB).

US Steel’s 2Q15 earnings

U.S. Steel (X) is expected to release its 2Q15 earnings on July 28. AK Steel’s (AKS) earnings are expected on July 29. U.S. Steel and AK Steel’s share prices have been under pressure over the last few trading sessions. Before we move on to discuss Steel Dynamics’ 2Q15 earnings, we’ll discuss its major operations.

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