United States Steel (X) Stock Shapes Bullish Movement: Worth Buying Now?

This steelmaker has a strong track record of beating earnings estimates. It has also posted an impressive performance in the past two quarters. X stock was trading at $22.44, popping 2.47% comparing to the previous session. It’s now trading at $21.44 in today’s pre-market, marking a 4.46% drop. For the most recent quarter, the company reported earnings of $3.37 per share, which was slightly better than the consensus estimate. The company’s revenue was also lower than the average analyst estimate.

This company has seen a favorable streak in its earnings estimates revisions over the past couple of months. This combination is very rare, and it tends to produce positive surprises. United States Steel Corporation is a producer and seller of flat- and tubular steel products. The company’s products are used in various applications such as the construction, automobile, and electrical markets. The company’s Tubular segment offers various forms of steel casing and tubing products for various applications. This segment is focused on the oil and gas, petrochemical, and construction markets.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.