United States Steel Q2 Adj. EPS $1.92 Beats $1.80 Estimate, Sales $5.01B Miss $5.11B Estimate
Portfolio Pulse from Bill Haddad
United States Steel (NYSE:X) reported Q2 earnings of $1.92 per share, beating the analyst consensus estimate of $1.80 by 6.67%. However, this is a 50.26% decrease from the same period last year. The company's quarterly sales of $5.01 billion missed the analyst consensus estimate of $5.11 billion by 2.00%, marking a 20.38% decrease from the same period last year.
July 27, 2023 | 8:19 pm
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United States Steel's Q2 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
United States Steel's earnings beat estimates, which is a positive signal. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, are negative signals that could lead to a decrease in the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100