United States Steel Corp Third Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component United States Steel Corp (NYSE:X) will unveil its latest earnings on Tuesday, October 25, 2011. United States Steel 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 56 cents per share, a swing from net loss of 35 cents in the year earlier quarter. During the past three months, the average estimate has moved down from $1.21. Between one and three months ago, the average estimate moved down. It also has dropped from 61 cents during the last month. Analysts are projecting net income of $1.02 per share versus a loss of $2.83 last year.

Past Earnings Performance: Last quarter, the company topped expectations by 7 cents, coming in at profit of $1.33 per share versus a mean estimate of net income of $1.26 per share. This followed two straight quarters of missing estimates.

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.

Wall St. Revenue Expectations: Analysts are projecting a rise of 12.7% in revenue from the year-earlier quarter to $5.07 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, two rating it as a sell and four rating it as a hold.

A Look Back: In the second quarter, the company swung to a profit of $222 million ($1.33 a share) from a loss of $25 million (17 cents) a year earlier, beating analyst estimates. Revenue rose 9.4% to $5.12 billion from $4.68 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 24.8% in the first quarter from the year earlier, climbed 28.2% in the fourth quarter of the last fiscal year from the year-ago quarter and 59.6% in the third quarter of the last fiscal year.

United States Steel’s profit last quarter followed losses in the three previous quarters. The company reported a loss of $86 million in the first quarter, a loss of $249 million in the fourth of the last fiscal year and a loss of $51 million in the third quarter of the last fiscal year.

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 July 26, 2011 to October 19, 2011, the stock price had fallen $18.27 (-45%) from $40.56 to $22.29. 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% (+$6.39) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 27.7% (-$11.07) over that span. Shares are down $35.93 (-61.7%) year to date.

(Source: Xignite Financials)

Investing Insights: Amazon.com has a Stock Chart Technical Analysts Dream About.