United States Steel Corporation (NYSE:X) is trading up 485.04% versus 12-month low of 6.07 and stands -9.30% lower from its 1-year peak of $39.14. The consensus price target (PT) of $30.67 means that the market expects Company shares to increase by -8.7% in the short run. The sell-side target prices range from $14 to $46. In the last month the stock has moved in price -5.00%, with a one year change of 427.56%. The last trading session volume compares with the 18.67M average and market worth floats around 6.24B.
United States Steel Corporation (NYSE:X) gained 5.62% to reach at the trading price of $35.50 as it is set to release its next quarterly earnings report on January 31, 2017. United States Steel Corporation stock trades in the range of $34.15 to $35.63 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.05 a share with $2.64B in revenue.
United States Steel Corporation (X) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast United States Steel Corporation to earn $0.23 per share (EPS) on revenue of $2.78B. The EPS consensus range is $-0.22-$0.81 on revenue between $2.87B and $2.73B.
While if we look at the Earnings Track Record, United States Steel Corporation (X) managed to surpass quarterly earnings per share estimates in 6 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 50%. Last time the company reported, United States Steel Corporation (X) generated $0.40 in earnings per share, missing the consensus estimate of $0.80. Revenues hit $2.69B in the September 2017 quarter, which was below the consensus $2.82B projection. On the other hand, in the June 2017 quarter the company recorded a net $2.58B revenue with earnings per share of $-0.31. Wall Street had anticipated $2.67B and $-0.49, respectively. For comparison, there was a revenue of $2.34B and EPS of $-2.06 in the March 2016 period.
United States Steel Corporation (NYSE:X) Analyst Insights
The buoyancy in the outlook of United States Steel Corporation (X) is getting weaker by the somewhat negative sentiment (2.70 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Sector Weight. Argus has been covering shares of X, so it is most recent view is worth a look. In a research note issued on Jan 09, 2017, analysts at downgraded the stock to Neutral from Buy. Another noteworthy analyst activity was recorded on Nov 29, 2016. Downgraded the stock to Hold from Buy.