A growth in revenue in the second quarter
After United States Steel experienced a loss of 14 cents a year ago, analysts predict positive news when the company reports this year’s third quarter numbers on Tuesday, October 28, 2014. They expect a profit of $1.17 a share.
The consensus estimate has risen from 53 cents over the past three months. Analysts are projecting earnings of $2.43 per share for the fiscal year. Revenue is expected to be $4.56 billion for the quarter, 10% higher than the year-earlier total of $4.13 billion. For the year, revenue is expected to come in at $17.85 billion.
A growth in revenue in the second quarter came after two consecutive quarters of falling revenue.
United States Steel’s two-quarter streak of profitability was snapped by last quarter’s loss.
United States Steel is an integrated steel producer of flat-rolled and tubular products. Other companies in the iron and steel industry with upcoming earnings release dates include: AK, Ternium S.A and ArcelorMittal.