United States Steel Corporation (NYSE:X) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, X is expected to report 3Q20 loss of $ 1.45 per share from revenue of $ 2218.59 million.
For the full year, analysts anticipate top line of $ 9444.28 million, while looking forward to loss of $ 5.83 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -1.45 ~ $ -1.45 per share
Click Here For More Historical Outlooks Of United States Steel Corporation
Previous Quarter Performance
United States Steel Corporation recorded loss for the second quarter of $ 2.67 per share, from the revenue of $ 2,091.00 million. The quarterly revenues down 41.02 percent compared with the same quarter last year. Wall street analysts are predicting, X to report 2Q20 loss of $ 2.82 per share from revenue of $ 1838.14 million. The bottom line results beat street analysts by $ 0.15 or 5.32 percent, at the same time, top line results outshined analysts by $ 252.86 million or 13.76 percent.
Stock Performance
Shares of United States Steel Corporation traded low $ -0.72 or -7.15 percent on Wednesday, reaching $ 9.35 with volume of 14.34 million shares. United States Steel Corporation has traded high as $ 9.95 and has cracked $ 9.30 on the downward trend
According to the previous trading day, closing price of $ 9.35, representing a 121.81 % increase from the 52 week low of $ 4.54 and a 30.65 % decrease over the 52 week high of $ 14.52.
The company has a market capital of $ 2.06 billion and is part of the Basic Materials sector and Steel industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.01 per share on July 30, 2020. The dividend were payable on September 10, 2020 to holders of record as of the close of business on August 10, 2020 and ex-dividend date on August 7, 2020.
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled (Flat-Rolled), U. S.
