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

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United States Steel (X - Free Report) closed the most recent trading day at $30.82, moving -0.64% from the previous trading session. This change lagged the S&P 500's 0.32% loss on the day. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq lost 0.89%.

Coming into today, shares of the steel maker had gained 31.39% in the past month. In that same time, the Basic Materials sector lost 1.57%, while the S&P 500 lost 0.12%.

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 $0.91 per share. This would mark a year-over-year decline of 53.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.36 billion, down 16.26% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.96 per share and revenue of $17.95 billion. These totals would mark changes of -60.2% and -14.79%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for United States Steel. These revisions help to show the ever-changing nature of 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. Within the past 30 days, our consensus EPS projection has moved 2.21% lower. United States Steel currently has a Zacks Rank of #3 (Hold).

In terms of valuation, United States Steel is currently trading at a Forward P/E ratio of 7.84. Its industry sports an average Forward P/E of 8.68, so we one might conclude that United States Steel is trading at a discount comparatively.

The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 43% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on

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