United States Steel Corp. (X) saw a big move last session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for X as the stock is now up about 9% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the integrated steel producer has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
X currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the same sector include Universal Stainless & Alloy Products Inc. (USAP), Olympic Steel Inc. (ZEUS) and ThyssenKrupp AG (TYEKF). While Universal Stainless holds a Zacks Rank #1 (Strong Buy), Olympic Steel and ThyssenKrupp carry a Zacks Rank #2 (Buy).
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UNITED STATES STL CORP NEW (X): Free Stock Analysis Report
UNIVERSAL STAINLESS & ALLOY (USAP): Free Stock Analysis Report
OLYMPIC STEEL INC (ZEUS): Free Stock Analysis Report
THYSSEN KRUPP AG DUS (TYEKF): Free Stock Analysis Report
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