United States Steel (NYSE: 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.

Revenue details
 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.

EPS details
 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.

Recent performance
 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.

Looking ahead

The full year's average estimate for revenue is $19.44 billion. The average EPS estimate is $1.39.

Investor sentiment
 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.

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