United States Steel (X) closed the most recent trading day at $21.45, moving -1.61% from the previous trading session. This change lagged the S&P 500's 0.3% gain on the day.Heading into today, shares of the steel maker had lost 10.84% over the past month, lagging the Basic Materials sector's loss of 2.71% and the S&P 500's loss of 2.37% in that time.Investors will be hoping for strength from X as it approaches its next earnings release, which is expected to be October 28, 2021. In that report, analysts expect X to post earnings of $4.56 per share. This would mark year-over-year growth of 476.86%. Our most recent consensus estimate is calling for quarterly revenue of $5.61 billion, up 139.57% from the year-ago period.X's full-year Zacks Consensus Estimates are calling for earnings of $13.04 per share and revenue of $19.68 billion. These results would represent year-over-year changes of +379.23% and +102.07%, respectively.Any recent changes to analyst estimates for X should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.1% higher. X is holding a Zacks Rank of #2 (Buy) right now.In terms of valuation, X is currently trading at a Forward P/E ratio of 1.67. For comparison, its industry has an average Forward P/E of 4.27, which means X is trading at a discount to the group.The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 30, putting it in the top 12% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow X in the coming trading sessions, be sure to utilize Zacks.com. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report United States Steel Corporation (X): Free Stock Analysis Report To read this article on Zacks.com click here.