United States Steel Sees Q2 Adj. EPS $0.76-$0.80 vs $0.83 Est.
Portfolio Pulse from Benzinga Newsdesk
United States Steel Corporation (X) has announced its Q2 adjusted EPS guidance to be in the range of $0.76 to $0.80, which is below the estimated $0.83.
June 17, 2024 | 12:16 pm
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NEGATIVE IMPACT
United States Steel Corporation (X) has provided a Q2 adjusted EPS guidance of $0.76-$0.80, which is below the market estimate of $0.83. This could lead to a negative short-term impact on the stock price as the guidance falls short of expectations.
The lower-than-expected EPS guidance suggests that the company's performance may not meet market expectations, which could lead to a decline in investor confidence and a subsequent drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100