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United States Steel (X) Stock Moves -0.94%: What You Should Know
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United States Steel (X - Free Report) closed at $20.02 in the latest trading session, marking a -0.94% move from the prior day. This change was narrower than the S&P 500's 1.91% loss on the day. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.
Heading into today, shares of the steel maker had lost 26.64% over the past month, lagging the Basic Materials sector's loss of 4.21% and the S&P 500's loss of 2.51% in that time.
X will be looking to display strength as it nears its next earnings release, which is expected to be January 30, 2019. In that report, analysts expect X to post earnings of $1.93 per share. This would mark year-over-year growth of 153.95%. Our most recent consensus estimate is calling for quarterly revenue of $3.76 billion, up 20.06% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.41 per share and revenue of $14.28 billion, which would represent changes of +178.87% and +16.54%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for X. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.22% lower within the past month. X currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, X is holding a Forward P/E ratio of 3.74. For comparison, its industry has an average Forward P/E of 8.2, which means X is trading at a discount to the group.
Investors should also note that X has a PEG ratio of 0.47 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Steel - Producers stocks are, on average, holding a PEG ratio of 0.57 based on yesterday's closing prices.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 27% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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United States Steel (X) Stock Moves -0.94%: What You Should Know
United States Steel (X - Free Report) closed at $20.02 in the latest trading session, marking a -0.94% move from the prior day. This change was narrower than the S&P 500's 1.91% loss on the day. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.
Heading into today, shares of the steel maker had lost 26.64% over the past month, lagging the Basic Materials sector's loss of 4.21% and the S&P 500's loss of 2.51% in that time.
X will be looking to display strength as it nears its next earnings release, which is expected to be January 30, 2019. In that report, analysts expect X to post earnings of $1.93 per share. This would mark year-over-year growth of 153.95%. Our most recent consensus estimate is calling for quarterly revenue of $3.76 billion, up 20.06% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.41 per share and revenue of $14.28 billion, which would represent changes of +178.87% and +16.54%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for X. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.22% lower within the past month. X currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, X is holding a Forward P/E ratio of 3.74. For comparison, its industry has an average Forward P/E of 8.2, which means X is trading at a discount to the group.
Investors should also note that X has a PEG ratio of 0.47 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Steel - Producers stocks are, on average, holding a PEG ratio of 0.57 based on yesterday's closing prices.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 27% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.