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On Thursday, May 2, United States Steel (NYSE:X) will release its latest earnings report. Here is Benzinga's outlook for the company.
Earnings and Revenue
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Analysts predict United States Steel will report earnings of 22 cents per share on revenue of $3.34 billion.
United States Steel reported a profit of 32 cents when it published results during the same quarter last year. Sales in that period totaled $3.15 billion. The analyst consensus estimate would represent a 31.25 percent decline in the company's EPS figure. Sales would be have grown 6.07 percent from the same quarter last year. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
| Quarter | Q4 2018 | Q3 2018 | Q2 2018 | Q1 2018 |
| EPS Estimate | 1.84 | 1.74 | 1.13 | 0.29 |
| EPS Actual | 1.82 | 1.79 | 1.46 | 0.32 |
Stock Performance
Over the last 52-week period, shares of United States Steel have declined 54.86 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analyst estimates have adjusted lower for EPS and revenues over the past 90 days. Analysts generally rate United States Steel stock as Neutral. The strength of this rating has risen over the past three months.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.