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At the last trading session, United States Steel (X) closed at $ 15.67, marking a -0.06% change from the previous day. This change was lower than the 0.47% gain recorded by the S & P 500 that day. Elsewhere, the Dow Jones index gained 0.31%, while the Nasdaq, highly technology-driven, rose 0.34%.
Prior to trading today, the Steelworker 's shares had lost 19.09% in the last month. This was lower than the 2.34% gain in the base materials sector and the 4.77% gain for the S & P 500 during this period.
Investors hope that X will be strong in the run-up to the release of its results, which is expected to take place on May 2, 2019. On that day, X is expected to announce earnings of $ 0.17 per share, which would represent one year on the other. down 46.88%. At the same time, Zacks' estimated consensus revenue forecasts net sales of $ 3.25 billion, up 3.05% over the same period last year.
For the full year, our consensus estimates of Zacks expect a profit of 2.13 USD per share and a turnover of 14.02 billion USD, which would represent variations of -60.26% and -1.12%, respectively, compared to the previous year.
Investors should also note recent changes in analysts' estimates for X. These recent revisions tend to reflect the evolving nature of short-term business trends. In this spirit, we can consider revisions of positive estimates as a sign of optimism about the company's business prospects.
Research indicates that these revisions of estimates are directly correlated to short-term stock price dynamics. To take advantage of this, we have developed the Zacks Rank, an exclusive model that takes into account these changes in estimates and provides a usable scoring system.
Going from # 1 (strong buy) to # 5 (solid selling), Zacks' ranking system is proven to outperform without auditing, with # 1 stock returning + 25% on average per year since 1988. month, the estimate of Zacks Consensus EPS fell by 8.24%. X currently has a Zack ranking of # 3 (pending).
In terms of valuation, X is currently trading at a P / E ratio of 7.36. In comparison, his sector has an average P / E of 9.57, which means that X is trading at a lower price than the group.
Meanwhile, the PEG ratio of X is currently 0.92. This popular measure is similar to the well-known P / E ratio, with the difference that the PEG ratio also takes into account the expected earnings growth rate of the company. The Steel – Producers had an average PEG ratio of 1.1 at the closing price of yesterday.
The steel industry is part of the basic materials sector. This group has a ranking of 184 on the Zacks industry, placing it in the bottom 28% of the 250+ industries.
The Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks ranking of individual actions within groups. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all these measures, and much more, on Zacks.com.
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United States Steel Corporation (X): Report of Analysis of Free Shares
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To read this article on Zacks.com, click here."data-reactid =" 34 ">
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
United States Steel Corporation (X): Report of Analysis of Free Shares
To read this article on Zacks.com, click here.
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