United States Steel
The 10-second takeaway
For the quarter ended June 30 (Q2), United States Steel met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share shrank significantly.
Margins contracted across the board.
United States Steel booked revenue of $5.02 billion. The 13 analysts polled by S&P Capital IQ expected revenue of $4.99 billion on the same basis. 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.
EPS came in at $0.69. The 19 earnings estimates compiled by S&P Capital IQ predicted $0.50 per share. 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 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.
Next quarter's average estimate for revenue is $4.78 billion. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $19.62 billion. The average EPS estimate is $1.46.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,957 members out of 2,117 rating the stock outperform, and 160 members rating it underperform. Among 446 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 403 give United States Steel a green thumbs-up, and 43 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.