Recap: United States Steel Q4 Earnings
Portfolio Pulse from Benzinga Insights
United States Steel (NYSE:X) reported Q4 earnings, surpassing estimated EPS by 157.69% with an actual EPS of $0.67 versus the estimate of $0.26. However, revenue decreased by $194 million from the same period last year. In the previous quarter, the company also exceeded EPS estimates, which led to a 3.13% share price increase the following day.
February 01, 2024 | 9:20 pm
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United States Steel exceeded Q4 EPS estimates significantly, with a 157.69% beat, but experienced a revenue decline from the previous year.
The substantial beat on EPS estimates for Q4 is likely to positively impact investor sentiment and potentially lead to an increase in the share price, similar to the previous quarter's performance. However, the decline in revenue year-over-year introduces caution, suggesting that while the EPS beat is significant, investors may weigh the revenue decline in their valuation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100