United States Steel (X) closed at $41. 88 in the last session, up 1. 16% from the previous day. Inventory has exceeded S
Prior to today’s session, the steelmaker’s shares had lost 13. 32% in the past month. This decrease exceeds the gain of 6. 66% in the Basic Materials sector and the gain of 1. 5% in the S
The investment network will closely monitor United States Steel’s functionality in its upcoming earnings report. In this report, analysts expect United States Steel to post earnings of $0. 82 consistent with participation. This would constitute a year-over-year expansion of 6. 49%. Meanwhile, our existing consensus estimate calls for a profit of $4. 21 billion, down 5. 87% from the prior-year quarter.
For the full year, Zacks’ consensus estimates forecast earnings of $3. 47 percent constant and earnings of $16. 45 billion, adjustments of -26. 64% and -8. 86%, respectively, from last year.
Investors could also take notice of recent adjustments to analyst estimates for United States Steel. These recent revisions tend to reflect the changing nature of short-term business trends. Therefore, the positive revisions to the estimates reflect analysts’ confidence in the company’s business functionality and profit potential.
Our research suggests that these changes in estimates have a direct relationship to the long-term performance of stock values. To take advantage of this, he created the Zacks Rank, a proprietary model that takes into account those estimated changes and provides an operational scoring system.
Zacks Rank’s formula, which goes from No. 1 (strong buy) to No. 5 (hard sell), has a proven and third-party audited track record of super-consistent performance, with the number one stocks averaging 25% consistent with the year. Over the past month, the Zacks consensus EPS estimate increased to 0. 38%. Currently, United States Steel has a Zacks score of No. 3 (Hold).
In the valuation context, United States Steel currently trades at a forward P/E ratio of 11. 93. For comparison, its sector has an average forward P/E of 10. 38, so United States Steel trades at a higher value than the group.
The iron and steel industry: producers belong to the basic materials sector. Currently, this industry has a Zacks rating of 148, which places it at the back of 42% of the 250 industries.
The Zacks Industry Rank assesses the strength of our various industry teams by calculating the average Zacks rating of the individual stocks that make up the teams. Our studies show that the top 50% of industries outperform the back end by a ratio of 2 to 1. .
Don’t rely on Zacks. com to monitor all those metrics that impact stocks, and much more, in the upcoming trading sessions.
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United States Steel Corporation (X): Free Inventory Analysis Report
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