Inside United States Steel Corp’s Upcoming Second Quarter Earnings Release

S&P 500 (NYSE:SPY) component United States Steel Corp (NYSE:X) will unveil its latest earnings on Tuesday, July 26, 2011. United States Steel Corporation is an integrated steel producer of flat-rolled and tubular products.

United States Steel Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.26 per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.74. Between one and three months ago, the average estimate moved down and dropped from $1.32 during the last month. For the year, analysts are projecting net income of $2.52 per share, a swing from net loss of $2.83 last year.

Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 22 cents, reporting a loss of of 60 cents per share against a mean estimate of net loss of 38 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $5.49 billion in revenue this quarter, a rise of 17.3% from the year ago quarter. Analysts are forecasting total revenue of $20.68 billion for the year, a rise of 19.1% from last year’s revenue of $17.37 billion.

Analyst Ratings: Analysts are bullish on United States Steel as seven analysts rate it as a buy, two rate it as a sell and five rate it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 58.2%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose more than twofold from the year earlier quarter.

Competitors to Watch: AK Steel Holding Corp. (NYSE:AKS), Steel Dynamics, Inc. (NASDAQ:STLD), Nucor Corporation (NYSE:NUE), ArcelorMittal (NYSE:MT), Worthington Industries, Inc. (NYSE:WOR), POSCO (NYSE:PKX), Ternium S.A. (NYSE:TX), Mechel OAO (NYSE:MTL), and Companhia Siderurgica Nacional (NYSE:SID).

Stock Price Performance: During April 25, 2011 to July 20, 2011, the stock price had fallen $8.40 (-16.2%) from $51.77 to $43.37. The stock price saw one of its best stretches over the last year between November 23, 2010 and December 7, 2010 when shares rose for 10-straight days, rising 13.8% (+$6.40) over that span. It saw one of its worst periods between August 18, 2010 and August 26, 2010 when shares fell for seven-straight days, falling 15.3% (-$7.57) over that span. Shares are down $14.94 (-25.6%) year to date.

(Source: Xignite Financials)

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