United States Steel
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), United States Steel beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share contracted.
Margins grew across the board.
United States Steel logged revenue of $4.49 billion. The 12 analysts polled by S&P Capital IQ predicted sales of $4.34 billion on the same basis. GAAP reported sales were 6.9% lower than the prior-year quarter's $4.82 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 -$0.35. The 18 earnings estimates compiled by S&P Capital IQ forecast -$0.74 per share. GAAP EPS were -$0.35 for Q4 versus -$1.58 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 6.0%, 240 basis points better than the prior-year quarter. Operating margin was -0.9%, 280 basis points better than the prior-year quarter. Net margin was -1.1%, 330 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $4.63 billion. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $18.89 billion. The average EPS estimate is $1.57.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,949 members out of 2,105 rating the stock outperform, and 156 members rating it underperform. Among 477 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 438 give United States Steel a green thumbs-up, and 39 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 $25.82.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.