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: