United States Steel Q4 2023 Adj EPS $0.67 Beats $0.26 Estimate, Sales $4.14B Beat $3.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
United States Steel (NYSE:X) reported Q4 2023 adjusted EPS of $0.67, surpassing the $0.26 estimate, with sales of $4.14B also beating the $3.76B estimate. This represents a 4.47% decrease in sales compared to the same period last year.
February 01, 2024 | 9:17 pm
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United States Steel (NYSE:X) reported a significant beat on both earnings and sales estimates for Q4 2023, with adjusted EPS at $0.67 against a $0.26 estimate and sales of $4.14B against a $3.76B estimate.
Beating both earnings and sales estimates significantly indicates strong operational performance and efficiency, likely leading to positive investor sentiment and potentially a short-term increase in stock price. The reported decrease in sales year-on-year is a concern, but the substantial beat on estimates may overshadow this in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100