United States Steel Earnings Preview: Can This Streak Continue?

United States Steel (NYSE:X) will report earnings before markets open on Tuesday, April 30th. United States Steel Corporation is an integrated steel producer with production operations in North America and Europe. The Company’s operations include coke production in both North America and Europe and iron ore pellets in North America, transportation services (railroad and barge operations), real estate operations, and engineering and consulting services in North America.

Here is your Cheat Sheet to United States Steel Earnings:

Earnings Expectations: Analysts expect earnings of $-0.17 per share on revenues of $4.65 billion.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.57 to a profit $0.28. For the current year, the average estimate is a profit of $0.88, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how United States Steel has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 23,750 11,050 17,370 19,880 19,330
Diluted EPS ($) 17.96 -10.42 -3.36 -0.37 -0.86

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 4,819 5,172 5,017 4,652 4,487
Diluted EPS ($) -1.465 -1.52 0.62 0.28 -0.3464

Past Performance:
United States Steel has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)