United States Steel (NYSE: X) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), United States Steel met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted. Non-GAAP earnings per share shrank to a loss. GAAP loss per share dropped.

Gross margins dropped, operating margins dropped, net margins expanded.

Revenue details
United States Steel chalked up revenue of $4.60 billion. The 11 analysts polled by S&P Capital IQ expected sales of $4.63 billion on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $5.17 billion.

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

EPS details
EPS came in at -$0.35. The 17 earnings estimates compiled by S&P Capital IQ anticipated -$0.20 per share. Non-GAAP EPS were -$0.35 for Q1 compared to $0.67 per share for the prior-year quarter. GAAP EPS were -$0.51 for Q1 compared to -$1.52 per share for the prior-year quarter.

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

Margin details
For the quarter, gross margin was 7.7%, 290 basis points worse than the prior-year quarter. Operating margin was 0.8%, 330 basis points worse than the prior-year quarter. Net margin was -1.6%, 260 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $4.64 billion. On the bottom line, the average EPS estimate is -$0.56.

Next year's average estimate for revenue is $18.43 billion. The average EPS estimate is -$0.88.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,950 members out of 2,098 rating the stock outperform, and 148 members rating it underperform. Among 424 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 387 give United States Steel a green thumbs-up, and 37 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 $26.23.

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