United States Steel's Upcoming Earnings: What You Need To Know
United States Steel (NYS: X) is expected to report Q3 earnings around Oct. 29. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict United States Steel's revenues will shrink -8.7% and EPS will shrink -100.0%.
The average estimate for revenue is $4.64 billion. On the bottom line, the average EPS estimate is $0.00.
Last quarter, United States Steel notched revenue of $5.02 billion. GAAP reported sales were 2.0% lower than the prior-year quarter's $5.12 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.69. GAAP EPS of $0.62 for Q2 were 53% lower than the prior-year quarter's $1.32 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 10.8%, 130 basis points worse than the prior-year quarter. Operating margin was 4.2%, 100 basis points worse than the prior-year quarter. Net margin was 2.0%, 230 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $19.44 billion. The average EPS estimate is $1.39.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,958 members out of 2,115 rating the stock outperform, and 157 members rating it underperform. Among 450 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 410 give United States Steel a green thumbs-up, and 40 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 $31.44.
Is United States Steel the right metals stock for you? 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.
- Add United States Steel to My Watchlist.
The article United States Steel's Upcoming Earnings: What You Need To Know 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 positions in the stocks mentioned above. 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 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.