United States Steel Meets on Revenues, Misses on EPS

Before you go, we thought you'd like these...
Before you go close icon

United States Steel (NYS: X) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), United States Steel met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share shrank to a loss. GAAP loss per share dropped.


Gross margins dropped, operating margins dropped, net margins expanded.

Revenue details
United States Steel chalked up revenue of $4.60 billion. The 11 analysts polled by S&P Capital IQ expected sales of $4.63 billion on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $5.17 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.35. The 17 earnings estimates compiled by S&P Capital IQ anticipated -$0.20 per share. Non-GAAP EPS were -$0.35 for Q1 compared to $0.67 per share for the prior-year quarter. GAAP EPS were -$0.51 for Q1 compared to -$1.52 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 7.7%, 290 basis points worse than the prior-year quarter. Operating margin was 0.8%, 330 basis points worse than the prior-year quarter. Net margin was -1.6%, 260 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $4.64 billion. On the bottom line, the average EPS estimate is -$0.56.

Next year's average estimate for revenue is $18.43 billion. The average EPS estimate is -$0.88.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,950 members out of 2,098 rating the stock outperform, and 148 members rating it underperform. Among 424 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 387 give United States Steel a green thumbs-up, and 37 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on United States Steel is hold, with an average price target of $26.23.

Is United States Steel the right metals stock for you? Look beyond the steel mill and find out the best way to profit from inflation and gold with a little-known company we profile in, "The Tiny Gold Stock Digging Up Massive Profits." Click here for instant access to this free report.

The article United States Steel Meets on Revenues, Misses on EPS originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners