U.S. Steel (X) Tops Q3 EPS by 21c, Offers Outlook
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EPS Growth %: 0.0%
Financial Fact:
Net income (loss): 51M
Today's EPS Names:
MAXN, CSTR, ACU, More
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U.S. Steel (NYSE: X) reported Q3 EPS of $0.92, $0.21 better than the analyst estimate of $0.71. Revenue for the quarter came in at $3.25 billion versus the consensus estimate of $3.06 billion.
GUIDANCE:
U.S. Steel sees FY2017 EPS of $1.70, versus the consensus of $1.62.
Commenting on U. S. Steel’s outlook for 2017, President and Chief Executive Officer Dave Burritt said, "We remain focused on our operations, revitalizing our assets, and developing our talent. We are seeing operating improvements in the assets in which we are investing. This increases our confidence that we will achieve the 2020 improvement targets we have disclosed. We believe the attention to our assets and employees, with continued focus on improving safety, quality, delivery, and cost, will result in improved operating reliability and enable us to remain a strong business partner for our customers."
If market conditions remain at their current levels, we expect 2017 net earnings of approximately $323 million, or $1.83 per share, 2017 adjusted net earnings of approximately $300 million, or $1.70 per share, and consolidated adjusted EBITDA of approximately $1.075 billion.
We believe market conditions, which include spot prices, raw material costs, customer demand, import volumes, supply chain inventories, rig counts and energy prices, will change, and as changes occur during the balance of 2017, we expect these changes to be reflected in our net earnings and adjusted EBITDA
For earnings history and earnings-related data on U.S. Steel (X) click here.
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