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United States Steel (X) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, United States Steel (X - Free Report) closed at $25.39, marking a -1.09% move from the previous day. This change lagged the S&P 500's daily loss of 0.16%.
Coming into today, shares of the steel maker had lost 12.84% in the past month. In that same time, the Basic Materials sector lost 4.55%, while the S&P 500 gained 0.46%.
Investors will be hoping for strength from X as it approaches its next earnings release. The company is expected to report EPS of $4.58, up 478.51% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.54 billion, up 136.69% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.17 per share and revenue of $19.22 billion. These totals would mark changes of +360.6% and +97.31%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for X. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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 1.11% higher. X is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, X is currently trading at a Forward P/E ratio of 2.11. This valuation marks a discount compared to its industry's average Forward P/E of 4.58.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 20, which puts it in the top 8% 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) Dips More Than Broader Markets: What You Should Know
In the latest trading session, United States Steel (X - Free Report) closed at $25.39, marking a -1.09% move from the previous day. This change lagged the S&P 500's daily loss of 0.16%.
Coming into today, shares of the steel maker had lost 12.84% in the past month. In that same time, the Basic Materials sector lost 4.55%, while the S&P 500 gained 0.46%.
Investors will be hoping for strength from X as it approaches its next earnings release. The company is expected to report EPS of $4.58, up 478.51% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.54 billion, up 136.69% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.17 per share and revenue of $19.22 billion. These totals would mark changes of +360.6% and +97.31%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for X. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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 1.11% higher. X is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, X is currently trading at a Forward P/E ratio of 2.11. This valuation marks a discount compared to its industry's average Forward P/E of 4.58.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 20, which puts it in the top 8% 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.