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United States Steel Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

United States Steel (NYSE:X) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$5.20b (down 13% from 3Q 2021).

  • Net income: US$490.0m (down 76% from 3Q 2021).

  • Profit margin: 9.4% (down from 34% in 3Q 2021). The decrease in margin was primarily driven by higher expenses.

  • EPS: US$2.07 (down from US$7.41 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

United States Steel Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) missed analyst estimates by 3.1%.

Looking ahead, revenue is forecast to decline by 16% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the US are expected to remain flat.

Performance of the American Metals and Mining industry.

The company's shares are up 4.4% from a week ago.

Risk Analysis

Be aware that United States Steel is showing 1 warning sign in our investment analysis that you should know about...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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