Why United States Steel (X) Dipped More Than Broader Market Today

19.04.24 23:50 Uhr

Werte in diesem Artikel

United States Steel (X) closed at $38.59 in the latest trading session, marking a -0.9% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.88%. On the other hand, the Dow registered a gain of 0.56%, and the technology-centric Nasdaq decreased by 2.05%.The steel maker's shares have seen a decrease of 2.77% over the last month, not keeping up with the Basic Materials sector's loss of 0.32% and the S&P 500's loss of 2.57%.Investors will be eagerly watching for the performance of United States Steel in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 2, 2024. The company is expected to report EPS of $0.78, up 1.3% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.22 billion, down 5.59% from the year-ago period.For the full year, the Zacks Consensus Estimates are projecting earnings of $3.41 per share and revenue of $16.61 billion, which would represent changes of -27.91% and -7.98%, respectively, from the prior year.It is also important to note the recent changes to analyst estimates for United States Steel. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.55% lower. At present, United States Steel boasts a Zacks Rank of #3 (Hold).Looking at its valuation, United States Steel is holding a Forward P/E ratio of 11.43. This valuation marks a premium compared to its industry's average Forward P/E of 10.22.The Steel - Producers industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 163, this industry ranks in the bottom 36% of all industries, numbering over 250.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.Top 5 Dividend Stocks for Your RetirementZacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.See our Top 5 now – the report is FREE >>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 United States Steel Corporation (X): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

Ausgewählte Hebelprodukte auf United States Steel

Mit Knock-outs können spekulative Anleger überproportional an Kursbewegungen partizipieren. Wählen Sie einfach den gewünschten Hebel und wir zeigen Ihnen passende Open-End Produkte auf United States Steel

NameHebelKOEmittent
NameHebelKOEmittent
Werbung

Quelle: Zacks

Nachrichten zu United States Steel Corp. (U. S. Steel, US Steel)

Analysen zu United States Steel Corp. (U. S. Steel, US Steel)

DatumRatingAnalyst
23.09.2019United States Steel NeutralJP Morgan Chase & Co.
30.05.2019United States Steel SellDeutsche Bank AG
09.01.2019United States Steel Market PerformCowen and Company, LLC
11.10.2018United States Steel BuySeaport Global Securities
30.04.2018United States Steel Market PerformCowen and Company, LLC
DatumRatingAnalyst
11.10.2018United States Steel BuySeaport Global Securities
07.06.2017United States Steel BuyStandpoint Research
06.02.2017United States Steel BuyArgus Research Company
28.04.2016United States Steel BuyRosenblatt
24.11.2015United States Steel BuyArgus Research Company
DatumRatingAnalyst
23.09.2019United States Steel NeutralJP Morgan Chase & Co.
09.01.2019United States Steel Market PerformCowen and Company, LLC
30.04.2018United States Steel Market PerformCowen and Company, LLC
01.02.2018United States Steel Market PerformCowen and Company, LLC
02.11.2017United States Steel Market PerformCowen and Company, LLC
DatumRatingAnalyst
30.05.2019United States Steel SellDeutsche Bank AG
22.09.2017United States Steel UnderperformCowen and Company, LLC
05.09.2017United States Steel ReduceStandpoint Research
08.04.2016United States Steel SellUBS AG
23.03.2016United States Steel SellDeutsche Bank AG

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für United States Steel Corp. (U. S. Steel, US Steel) nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"