We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
United States Steel (X) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, United States Steel (X - Free Report) closed at $15.67, marking a -0.06% move from the previous day. This change lagged the S&P 500's 0.47% gain on the day. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.34%.
Prior to today's trading, shares of the steel maker had lost 19.09% over the past month. This has lagged the Basic Materials sector's gain of 2.34% and the S&P 500's gain of 4.67% in that time.
Investors will be hoping for strength from X as it approaches its next earnings release, which is expected to be May 2, 2019. On that day, X is projected to report earnings of $0.17 per share, which would represent a year-over-year decline of 46.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.25 billion, up 3.05% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.13 per share and revenue of $14.02 billion, which would represent changes of -60.26% and -1.12%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for X. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 8.24% lower. X is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, X is currently trading at a Forward P/E ratio of 7.36. For comparison, its industry has an average Forward P/E of 9.57, which means X is trading at a discount to the group.
Meanwhile, X's PEG ratio is currently 0.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Steel - Producers was holding an average PEG ratio of 1.1 at yesterday's closing price.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 184, putting it in the bottom 28% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
United States Steel (X) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, United States Steel (X - Free Report) closed at $15.67, marking a -0.06% move from the previous day. This change lagged the S&P 500's 0.47% gain on the day. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.34%.
Prior to today's trading, shares of the steel maker had lost 19.09% over the past month. This has lagged the Basic Materials sector's gain of 2.34% and the S&P 500's gain of 4.67% in that time.
Investors will be hoping for strength from X as it approaches its next earnings release, which is expected to be May 2, 2019. On that day, X is projected to report earnings of $0.17 per share, which would represent a year-over-year decline of 46.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.25 billion, up 3.05% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.13 per share and revenue of $14.02 billion, which would represent changes of -60.26% and -1.12%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for X. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 8.24% lower. X is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, X is currently trading at a Forward P/E ratio of 7.36. For comparison, its industry has an average Forward P/E of 9.57, which means X is trading at a discount to the group.
Meanwhile, X's PEG ratio is currently 0.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Steel - Producers was holding an average PEG ratio of 1.1 at yesterday's closing price.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 184, putting it in the bottom 28% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.