United States Steel (NYSE: X) is scheduled to reveal its financial results for the second quarter on Thursday 1st August 2024. This disclosure will take place after market close, providing investors with significant information regarding the company’s performance in the last three months period.
According to the forecasts of financial experts on Wall Street, the enterprise is poised to announce an anticipated per share $0.76 profit for the quarter. Furthermore, the firm is expected to disclose a total revenue of $4.02 billion for this specific period.
When looking back at the corresponding quarter from the previous year, the company’s earnings report showcased a per-share income of $1.92. This was attributed to the company’s total revenue, which amounted to an impressive $5008 million during that same period.
Wall Street analysts have provided their insights on the company’s performance for the year, forecasting a total revenue of $16.04 billion. Additionally, they anticipate the earnings per share to reach profit of $2.73 during the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $0.82 | +6.5% | 4.16 B | -6.9% |
| Q4 2023 | $0.67 | -23.0% | 4.14 B | -4.5% |
| Q3 2023 | $1.40 | -28.2% | 4.43 B | -14.8% |
| Q2 2023 | $1.92 | -50.3% | 5.01 B | -20.4% |
*Growth on year-over-year basis
United States Steel (X) shares experienced a range of $40.39 to $41.41 on a day volume of 2.51 million shares. The stock closed Wednesday’s regular trading session at $41.09, demonstrating a 2.14 percent advance.
