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United States Steel (X) Dips More Than Broader Markets: What You Should Know
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United States Steel (X - Free Report) closed the most recent trading day at $24.53, moving -1.17% from the previous trading session. This change lagged the S&P 500's 0.25% loss on the day. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq lost 1.88%.
Prior to today's trading, shares of the steel maker had lost 14.33% over the past month. This has lagged the Basic Materials sector's loss of 2.72% and the S&P 500's gain of 1.48% in that time.
United States Steel will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.39, down 87.21% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.1 billion, down 21.62% from the year-ago period.
X's full-year Zacks Consensus Estimates are calling for earnings of $3 per share and revenue of $16.91 billion. These results would represent year-over-year changes of -69.85% and -19.71%, respectively.
Investors might also notice recent changes to analyst estimates for United States Steel. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 57.25% higher. United States Steel is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note United States Steel's current valuation metrics, including its Forward P/E ratio of 8.28. This valuation marks a discount compared to its industry's average Forward P/E of 8.86.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 33, which puts it in the top 14% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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United States Steel (X) Dips More Than Broader Markets: What You Should Know
United States Steel (X - Free Report) closed the most recent trading day at $24.53, moving -1.17% from the previous trading session. This change lagged the S&P 500's 0.25% loss on the day. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq lost 1.88%.
Prior to today's trading, shares of the steel maker had lost 14.33% over the past month. This has lagged the Basic Materials sector's loss of 2.72% and the S&P 500's gain of 1.48% in that time.
United States Steel will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.39, down 87.21% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.1 billion, down 21.62% from the year-ago period.
X's full-year Zacks Consensus Estimates are calling for earnings of $3 per share and revenue of $16.91 billion. These results would represent year-over-year changes of -69.85% and -19.71%, respectively.
Investors might also notice recent changes to analyst estimates for United States Steel. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 57.25% higher. United States Steel is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note United States Steel's current valuation metrics, including its Forward P/E ratio of 8.28. This valuation marks a discount compared to its industry's average Forward P/E of 8.86.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 33, which puts it in the top 14% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.