Can U.S. Steel (X) Run Higher on Rising Earnings Estimates?
U. S. Steel(X) Zacks Investment Research·2024-01-03 18:32
United States Steel (X) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The upward trend in estimate revisions for this steel maker reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revis ...