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United States Steel (X) posted a quarterly profit of $ 0.47 per share, exceeding the Zacks consensus estimate of $ 0.17 per share. This compares to a profit of $ 0.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents a profit surprise of 176.47%. A quarter of a month ago, it was expected that this steelmaker would record a profit of $ 1.88 per share while he made a profit of $ 1.82, a surprise of -3.19%.
In the last four quarters, the company has exceeded consensus EPS estimates twice.
US Steel, which belongs to the Zacks Steel-Producers sector, achieved a sales turnover of $ 3.50 billion for the quarter ending March 2019, exceeding the 7.82% estimate of the Zacks consensus. That compares with revenues of $ 3.15 billion a year ago. The company has exceeded three times the revenue estimated by consensus over the last four quarters.
The sustainability of the immediate movement of stock prices, based on recently published figures and future earnings forecasts, will depend primarily on management's feedback on the earnings call.
US stocks have fallen about 16.3% since the beginning of the year, compared to 16.6% for the S & P 500.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "What is the next step for US steel?"data-reactid =" 28 ">What is the next step for US steel?
If US steel has underperformed the market so far this year, the question for investors is: what is the next step for the title?
There is no easy answer to this key question, but the company's earnings outlook is a reliable measure to help investors. This includes not only the forecast of current consensus results for the coming quarters, but also the way in which these forecasts have changed recently.
Empirical research shows a strong correlation between short-term stock movements and trends in revisions to earnings estimates. Investors can track these revisions themselves, or rely on a proven scoring tool such as Zacks Rank, which has impressive experience operating the revision of earnings power estimates.
Prior to the release of these results, the trend of estimated revisions for US steel was mixed. Although the magnitude and direction of the revisions may change as a result of the release of the company's earnings report, the current status results in a ranking of Zacks # 3 (pending) for the stock. As a result, equities should evolve in line with the market in the near future. You can see the complete list of # 1 Zacks stock at current rank (strong buy) here.
It will be interesting to see how the estimates for the coming quarters and the current fiscal year will change in the coming days. The consensus against the current earnings per share is estimated at 0.86 USD for a business turnover of 3.69 billion USD for the next quarter and at 2.13 USD for a turnover of 13 , 91 billion USD for the current fiscal year.
Investors should be aware that the outlook for the sector can also have a significant impact on the performance of the security. With regard to the Zacks industry ranking, Steel-Producers is currently in the bottom 17% of Zack's 250 industries. Our research shows that the top 50% of industries ranked by Zacks perform better than the bottom 50% by a factor greater than 2 to 1.
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United States Steel Corporation (X): Report of Analysis of Free Shares
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