United States Steel (NYSE: X) is expected to report Q2 earnings around July 31. 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 revenue will wither 2.5% and EPS will drop 57.1%.

The average estimate for revenue is $4.99 billion. On the bottom line, the average EPS estimate is $0.48.

Revenue details
Last quarter, United States Steel reported revenue of $5.17 billion. GAAP reported sales were 6.3% higher than the prior-year quarter's $4.86 billion.

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

EPS details
Last quarter, non-GAAP EPS came in at $0.67. GAAP EPS were -$1.52 for Q1 against -$0.60 per share for the prior-year quarter.

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

Recent performance
For the preceding quarter, gross margin was 10.6%, 560 basis points better than the prior-year quarter. Operating margin was 4.1%, 630 basis points better than the prior-year quarter. Net margin was -4.2%, 240 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $19.57 billion. The average EPS estimate is $1.49.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,959 members out of 2,117 rating the stock outperform, and 158 members rating it underperform. Among 432 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 386 give United States Steel a green thumbs-up, and 46 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 $35.69.

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