Steel Dynamics stock trades at EUR 195.50 as Q3 EPS rises
Published on 09/30/2026 at 10:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Steel Dynamics stock was trading at EUR 195.50 at Lang & Schwarz on September 30, 2026 at 10:17 a.m. CEST. The company has guided to diluted third-quarter earnings of USD 5.34-5.38 per share, giving the market a concrete test ahead of the next results date.
Q3 guidance reaches USD 5.38
According to Steel Dynamics on September 17, 2026, the diluted EPS guidance range for Q3 2026 is USD 5.34-5.38. That compares with USD 3.69 per diluted share in Q2 2026 and USD 2.74 in Q3 2025, so the lower end of the new range is USD 1.65 above the preceding quarter and USD 2.60 above the year-ago quarter.
The company attributed the expected improvement to wider metal margins, record steel shipments, higher realized selling values and lower scrap costs. Its metals recycling operations are expected to contribute less than in Q2 2026 because of lower metal spreads and modestly lower shipments, creating a clear counterweight to the steel operations outlook.
Analyst targets move lower
Goldman Sachs lowered its price target from USD 301 to USD 299 and retained a Buy rating in a September 18, 2026 update, according to MarketScreener. JPMorgan also reduced its target, from USD 273 to USD 272, while keeping a Neutral rating, according to MarketScreener on September 18, 2026.
The split between a higher earnings outlook and slightly lower targets matters because the guidance is driven by operating conditions that can change quickly. Steel Dynamics also said its fabrication backlog extends through the first quarter of 2027 and that the backlog was higher than the prior-year third-quarter level, while recycling spreads remain a drag.
Results arrive October 19
Steel Dynamics plans to release its Q3 2026 results after the market closes on October 19, 2026, followed by a conference call on October 20, 2026 at 11:00 a.m. EDT. That report will show whether the USD 5.34-5.38 guidance range translated into realized earnings and whether the steel margin expansion continued.
Steel Dynamics was trading at EUR 195.50 at Lang & Schwarz on September 30, 2026 at 10:17 a.m. CEST. The reference price is an intraday Lang & Schwarz quotation, while the company remains listed as STLD on NASDAQ/GS.
Steel Dynamics stock snapshot
- Company: Steel Dynamics, Inc.
- ISIN: US8581191009
- Ticker: STLD
- Primary exchange: NASDAQ/GS
- Price Lang & Schwarz (as of September 30, 2026, 10:17 a.m. CEST): EUR 195.50
- Market capitalization: USD 31.8 billion (as of September 29, 2026)
- 52-week range: USD 138.10-288.74 (as of September 29, 2026)
- Sector / Industry: Basic Materials / Steel
- Next earnings date: October 19, 2026
