United States Steel (X) Ascends But Remains Behind Market: Some Facts to Note

Company Performance - United States Steel (X) closed at $47.57, with a daily increase of +0.78%, underperforming the S&P 500's gain of 1.03% [1] - Over the past month, shares of United States Steel appreciated by 2.45%, lagging behind the Basic Materials sector's gain of 3.78% and the S&P 500's gain of 3.21% [1] - The upcoming earnings disclosure is anticipated, with an expected EPS of $0.93, reflecting a growth of 20.78% year-over-year, while revenue is projected at $4.24 billion, indicating a decrease of 5.08% compared to the same quarter last year [1] Annual Estimates - For the full year, Zacks Consensus Estimates project earnings of $3.76 per share and revenue of $16.34 billion, showing declines of -20.51% and -9.47% respectively from the previous year [2] - Recent revisions to analyst forecasts are crucial, as positive revisions indicate optimism about the company's business and profitability [2] Zacks Rank and Valuation - United States Steel currently holds a Zacks Rank of 1 (Strong Buy), with the consensus EPS estimate increasing by 26.9% over the last 30 days [3] - The company has a Forward P/E ratio of 12.54, which is higher than the industry average Forward P/E of 10.74, suggesting that United States Steel is trading at a premium [3] - The Steel - Producers industry is part of the Basic Materials sector and currently ranks 173 in the Zacks Industry Rank, placing it in the bottom 32% of over 250 industries [3]