United States Steel Third Quarter 2022 Results: Revenue Beats Expectations, EPS Lags

United States Steel (NYSE:X) Third Quarter 2022 Results

Main financial results

  • Revenue: $5.20 billion (down 13% from Q3 2021).
  • Net income: USD 490.0m (down 76% compared to Q3 2021).
  • Profit margin: 9.4% (vs. 34% in Q3 2021).
    • The lower margin is mainly due to higher expenses.
  • EPS: 2.07 USD (compared to 7.41 USD in the 3rd quarter of 2021).
NYSE:X Earnings and Revenue Growth October 29, 2022

All figures shown in the table above are for the 12 month period (TTM)

U.S. Steel Revenues Beat Expectations, EPS Falls Short

Revenue beat analysts’ estimates by 4.2%. Earnings per share (EPS) exceeded analysts’ estimates of 3.1%.

Looking ahead, revenues are expected to decline by an average of 13% per year over the next 3 years, while US metals and mining industry revenues are expected to remain flat.

Performance of the American metal and mining industry.

Shares of the company are down 5.3% from a week ago.

Risk analysis

Know that United States Steel shows 1 warning sign in our investment analysis that you should know…

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