Back to top

Image: Bigstock

United States Steel (X) Dips More Than Broader Markets: What You Should Know

Read MoreHide Full Article

United States Steel (X - Free Report) closed the most recent trading day at $25.80, moving -0.85% from the previous trading session. This change lagged the S&P 500's 0.41% loss on the day. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, lost 4.08%.

Coming into today, shares of the steel maker had lost 3.81% in the past month. In that same time, the Basic Materials sector gained 4.47%, while the S&P 500 gained 6.51%.

Investors will be hoping for strength from United States Steel as it approaches its next earnings release. In that report, analysts expect United States Steel to post earnings of $0.49 per share. This would mark a year-over-year decline of 83.93%. Our most recent consensus estimate is calling for quarterly revenue of $4.08 billion, down 22.07% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.40 per share and revenue of $16.96 billion. These totals would mark changes of -65.83% and -19.47%, respectively, from last year.

Any recent changes to analyst estimates for United States Steel should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 78.15% higher. United States Steel is currently a Zacks Rank #1 (Strong Buy).

Investors should also note United States Steel's current valuation metrics, including its Forward P/E ratio of 7.66. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 7.66.

The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 14, putting it in the top 6% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions.

See More Zacks Research for These Tickers

Normally $25 each - click below to receive one report FREE:

United States Steel Corporation (X) - free report >>

Published in