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Could U.S. Steel Beat Earnings Estimates in 1Q16?

Strength Test: Could U.S. Steel's 1Q16 Earnings Justify Its Rally?

Earnings expectations

According to consensus estimates compiled by Bloomberg, analysts expect U.S. Steel Corporation (X) to post a loss per share of $1.24 in 1Q16. In contrast, U.S. Steel posted adjusted losses per share of $0.23 and $0.07 in 4Q15 and 1Q15, respectively. Notably, while U.S. Steel and AK Steel (AKS) were in the red last year, Nucor (NUE) and Steel Dynamics (STLD) managed to remain profitable.

The graph above shows the trend in U.S. Steel’s actual versus estimated...


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