US Steel Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component US Steel (NYSE:X) will unveil its latest earnings tomorrow, Tuesday, January 29, 2013. United States Steel is an integrated steel producer of flat-rolled and tubular products.

US Steel Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 75 cents per share, a narrower loss from the year-earlier quarter net loss of $1.39. During the past three months, the average estimate has moved down from 3 cents. Between one and three months ago, the average estimate moved down. It has risen from a loss of 77 cents during the last month. For the year, analysts are projecting net income of 91 cents per share, a spike from net loss of $1.11 last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 41 cents per share versus a mean estimate of 0 cents per share.

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A Look Back: In the third quarter, profit rose twofold to $44 million (28 cents a share) from $22 million (15 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 8.4% to $4.65 billion from $5.08 billion.

Here’s how US Steel traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

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Wall St. Revenue Expectations: Analysts are projecting a decline of 9.8% in revenue from the year-earlier quarter to $4.35 billion.

Analyst Ratings: There are mostly holds on the stock with eight of 14 analysts surveyed giving that rating.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 2% in the second quarter and dropped again in the third quarter.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.73 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)