Investors might want to bet on United States Steel (X) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Indi ...

United States Steel Corporation (X) and CarbonFree, a prominent carbon capture technology firm, recently inked a groundbreaking deal aimed at capturing carbon emissions from U.S. Steel’s Gary Works Blast Furnaces. This pioneering project will utilize CarbonFree’s innovative SkyCycle technology to capture and convert up to 50,000 metric tons of carbon dioxide annually.To put this into perspective, it's equivalent to the emissions produced by nearly 12,000 passenger cars every year. The project marks a major ...

United States Steel (X) closed at $41.88 in the latest trading session, marking a +1.16% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.11% for the day. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.23%.Prior to today's trading, shares of the steel maker had lost 13.32% over the past month. This has lagged the Basic Materials sector's gain of 6.66% and the S&P 500's gain of 1.5% in that time.The investment community will be closely monitoring ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider United States Steel (X) . This company, which is in the Zacks Steel - Producers industry, shows potential for another earnings beat. When looking at the last two reports, this steel maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 94.87%, on average, in the last two quart ...

In the latest trading session, United States Steel (X) closed at $39.66, marking a -0.97% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.14%. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq gained 0.17%.Coming into today, shares of the steel maker had lost 13.91% in the past month. In that same time, the Basic Materials sector gained 6.55%, while the S&P 500 gained 5.34%.Market participants will be closely following the financial results of Unit ...

United States Steel (X) ended the recent trading session at $40.05, demonstrating a +0.91% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.32%. Meanwhile, the Dow experienced a rise of 0.68%, and the technology-dominated Nasdaq saw an increase of 0.2%.Prior to today's trading, shares of the steel maker had lost 14.04% over the past month. This has lagged the Basic Materials sector's gain of 6.63% and the S&P 500's gain of 5.11% in that tim ...

United States Steel Corporation (X) provided guidance for the first quarter of 2024, anticipating adjusted net earnings per share between 80 cents and 84 cents and adjusted EBITDA of nearly $425 million.U.S. Steel underscored its dedication to operational efficiency and advancing its merger with Nippon Steel Corporation while commenting on the forecast. The company highlighted favorable steel demand conditions, strong operational performance and the unwavering commitment of its workforce to customer satisfa ...

PITTSBURGH--(BUSINESS WIRE)--United States Steel Corporation (NYSE: X) today provided first quarter 2024 adjusted net earnings per diluted share guidance of $0.80 to $0.84. First quarter 2024 adjusted EBITDA is expected to be approximately $425 million. Commenting on first quarter guidance President and Chief Executive Officer David B. Burritt said, “ We remain focused on running our business as we make progress towards closing our transaction with Nippon Steel Corporation. Our anticipated first quarter pe ...

United States Steel (X) closed the most recent trading day at $38.85, moving +1.54% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.65%. Meanwhile, the Dow lost 0.49%, and the Nasdaq, a tech-heavy index, lost 0.96%.The steel maker's shares have seen a decrease of 16.43% over the last month, not keeping up with the Basic Materials sector's gain of 6.99% and the S&P 500's gain of 3.27%.Investors will be eagerly watching for the performance of United States Steel in its upco ...

President Biden said Thursday he is against U.S. Steel being sold to a foreign entity, making his position known three months after the announcement that the iconic American company reached a deal to be purchased by Japan's Nippon Steel. "It is important that we maintain strong American steel companies powered by American steel workers," the president said in a statement released by the White House.  "I told our steel workers I have their backs, and I meant it," Biden's statement continued. "U.S. Steel has ...