United States Steel (NYSE: X ) is expected to report Q4 earnings around Nov. 2. 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 drop -5.6% and EPS will compress -102.6%.
The average estimate for revenue is $4.55 billion. On the bottom line, the average EPS estimate is $0.03.
Last quarter, United States Steel logged revenue of $4.65 billion. GAAP reported sales were 8.4% lower than the prior-year quarter's $5.08 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 $0.14. GAAP EPS of $0.28 for Q3 were 87% higher than the prior-year quarter's $0.15 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 7.3%, 300 basis points worse than the prior-year quarter. Operating margin was 0.3%, 310 basis points worse than the prior-year quarter. Net margin was 0.9%, 50 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $19.45 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 441 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 401 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 $28.03.
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