Earnings Preview: Steel Dynamics

Steel Dynamics, Inc. STLD is set to report earnings tonight after the bell, and Wall Street will be looking forward to hear how the steel industry is going, particularly pricing in Europe and Asia. At last check, shares of Steel Dynamics were off almost 2% in today's trading, as the company is falling in line with the broader equity markets, which are getting hit over 1%. Shares trade at just over 7 times 2012 earnings, and sport a dividend yield of 2.5%. If investors believe that Steel Dynamics is able to show that the steel industry is on the rebound, shares are trading at very reasonable levels. Wall Street analysts are expecting earnings of 39 cents per share on $2.01 billion in revenues in this quarter. Guidance for next quarter is expected to come in at 38 cents per share on $2 billion in revenues. Steel Dynamics, Inc. engages in the manufacture and sale of steel products in the United States. It operates in three segments: Steel Operations, Metals Recycling and Ferrous Resources Operations, and Steel Fabrication Operations.