Markets
X

Surging Earnings Estimates Signal Good News for United States Steel (X) - Tale of the Tape

United States Steel Corp. ( X ) is a Steel producing company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on X's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that United States Steel could be a solid choice for investors.

Current Quarter Estimates for X

In the past 30 days, 7 estimates have gone higher for United States Steel while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 50 cents a share 30 days ago, to 85 today, a move of 70%.

Current Year Estimates for X

Meanwhile, United States Steel's current year figures are also looking quite promising, with 9 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.12 per share 30 days ago to $1.91 per share today, an increase of 93%.

Bottom Line

The stock has also started to move higher lately, adding 35.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

UTD STATES STL (X): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

X

Other Topics

Earnings Investing Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More