United States Steel Corp. (X Quick QuoteX - Free Report) is a company belonging to the Steel Producers space that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on X’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that United States Steel could be a solid choice for investors.  

Current Quarter Estimates for X

In the past 30 days, 4 estimates have gone higher for United States Steel while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 63 cents a share 30 days ago, to a loss of 57 today, a move of 9.5%.  

Current Year Estimates for X

Meanwhile, United States Steel’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $2.44 per share 30 days ago to a loss of $2.17 per share today, an increase of 11.1%.    

Bottom Line

The stock has also started to move higher lately, adding 9.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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