Published on 4 Dec 2021 on Zacks via Yahoo Finance
United States Steel (X) Gains As Market Dips: What You Should Know
United States Steel (X) closed the most recent trading day at $22.57, moving +0.85% from the previous trading session. This change outpaced the S&P 500's 0.85% loss on the day. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq lost 0.05%.
Heading into today, shares of the steel maker had lost 14.97% over the past month, lagging the Basic Materials sector's loss of 1.7% and the S&P 500's loss of 0.97% in that time.
Wall Street will be looking for positivity from United States Steel as it approaches its next earnings report date. In that report, analysts expect United States Steel to post earnings of $5.12 per share. This would mark year-over-year growth of 1996.3%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.71 billion, up 122.83% from the year-ago period.