US Steel Earnings: Here’s Why the Stock is Down Now

United States Steel Corp. (NYSE:X) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 3.99%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

United States Steel Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.35 in the quarter versus EPS of $0.67 in the year-earlier quarter.

Revenue: Decreased 11.16% to $4.6 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: United States Steel Corp. reported adjusted EPS loss of $0.35 per share. By that measure, the company missed the mean analyst estimate of $-0.19. It missed the average revenue estimate of $4.66 billion.

Quoting Management: Commenting on results, U. S. Steel Chairman and CEO John P. Surma said, “Total reportable segment and Other Businesses operating results improved compared to the fourth quarter of 2012 despite the difficult global economic environment and very competitive steel market conditions.”

Key Stats (on next page)…

Revenue increased 2.41% from $4.49 billion in the previous quarter. EPS increased to $-0.35 in the quarter versus EPS of $-0.41 in the previous quarter.

Looking Forward: 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 $0.41 to a profit $0.23. For the current year, the average estimate has moved down from a profit of $1.17 to a profit of $0.83 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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