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Bartosiak: Trading United States Steel's (X) Earnings with Options

On Tuesday, October 31st, United States Steel (X) will release its third quarter earnings results after the bell. The company is a Zacks Rank 3 (Hold), and have a Value, Growth, and Momentum score of A.

Dave will look at United States Steel’s past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on United States Steel ahead of earnings.

United States Steel in Focus

United States Steel manufactures and sells a variety of steel mill products, coke and taconite pellets. Primary steel operations are the Gary (Indiana) Works, the Fairfield (Alabama) Works near Birmingham, the Mon Valley Works ( which includes the Edgar Thomson steelmaking and Irvin finishing operations) on the Monongahela River near Pittsburgh, and U. S. Steel Kosice in the Slovak Republic.

United States Steel is expected to report earnings at $0.67 per share according to the Zacks Consensus Estimate. Last quarter they beat earnings expectations by 167.50%. They reported earnings at $1.07per share, beating their estimate of $0.40. They have an average earnings surprise of 584.07% over the last 4 quarters.

United States Steel Corporation Price, Consensus and EPS Surprise

United States Steel Corporation Price, Consensus and EPS Surprise | United States Steel Corporation Quote

Bottom Line

How should investors play United States Steel ahead of their earnings report? For insights on the best options trades, then tune in at 11:00am CST today to see David’s thoughts.

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