On Tuesday, October 31st, United States Steel (X) will release its third quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of A.
Dave will look at United States Steel’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will uncover some potential options trades for investors looking to make a play on United States Steel ahead of earnings.
United States Steel in Focus
United States Steel manufactures and sells a variety of steel mill products, coke and taconite pellets. Primary steel operations are the Gary (Indiana) Works, the Fairfield (Alabama) Works near Birmingham, the Mon Valley Works ( which includes the Edgar Thomson steelmaking and Irvin finishing operations) on the Monongahela River near Pittsburgh, and U. S. Steel Kosice in the Slovak Republic.
United States Steel is expected to report earnings at $0.67 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 167.50%. They reported earnings at $1.07per share, beating their estimate of $0.40. They have an average earnings surprise of 584.07% over the last 4 quarters.
United States Steel Corporation (X): Free Stock Analysis Report
Original post
Zacks Investment Research