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United States Steel (X) Outpaces Stock Market Gains: What You Should Know
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United States Steel (X - Free Report) closed at $30.84 in the latest trading session, marking a +1.85% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.84%. At the same time, the Dow added 0.96%, and the tech-heavy Nasdaq gained 0.81%.
Heading into today, shares of the steel maker had lost 1.21% over the past month, outpacing the Basic Materials sector's loss of 1.53% and lagging the S&P 500's gain of 0.19% in that time.
Wall Street will be looking for positivity from United States Steel as it approaches its next earnings report date. On that day, United States Steel is projected to report earnings of $0.91 per share, which would represent a year-over-year decline of 53.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.36 billion, down 16.26% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.96 per share and revenue of $17.95 billion, which would represent changes of -60.2% and -14.79%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for United States Steel. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 1.32% lower. United States Steel is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that United States Steel has a Forward P/E ratio of 7.65 right now. This represents a discount compared to its industry's average Forward P/E of 8.28.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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) Outpaces Stock Market Gains: What You Should Know
United States Steel (X - Free Report) closed at $30.84 in the latest trading session, marking a +1.85% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.84%. At the same time, the Dow added 0.96%, and the tech-heavy Nasdaq gained 0.81%.
Heading into today, shares of the steel maker had lost 1.21% over the past month, outpacing the Basic Materials sector's loss of 1.53% and lagging the S&P 500's gain of 0.19% in that time.
Wall Street will be looking for positivity from United States Steel as it approaches its next earnings report date. On that day, United States Steel is projected to report earnings of $0.91 per share, which would represent a year-over-year decline of 53.33%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.36 billion, down 16.26% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.96 per share and revenue of $17.95 billion, which would represent changes of -60.2% and -14.79%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for United States Steel. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 1.32% lower. United States Steel is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that United States Steel has a Forward P/E ratio of 7.65 right now. This represents a discount compared to its industry's average Forward P/E of 8.28.
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.