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U.S. Steel Corporation’s 4Q17 Earnings: What You Need to Know

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U.S. Steel Corporation’s 4Q17 earnings

U.S. Steel Corporation (X) released its 4Q17 earnings on January 31, 2018, after the markets closed. The company posted net income of $159 million, which translates into an EPS (earnings per share) of $0.90. After adjusting for one-time items, U.S. Steel Corporation posted an adjusted EPS of $0.78 in 4Q17. In comparison, U.S. Steel Corporation posted an adjusted EPS of $0.27 in 4Q16 and $0.92 in 3Q17.

While U.S. Steel Corporation’s 4Q17 earnings fell on a sequential basis, they were higher compared to the same quarter in 2016. U.S. Steel Corporation’s 4Q17 earnings were better than expected. The company’s earnings beat analysts’ estimates for the third consecutive quarter.

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4Q17 earnings season

Overall, the 4Q17 earnings season has been good for steel stocks (XME). Nucor (NUE) and ArcelorMittal (MT) posted better-than-expected earnings. Read ArcelorMittal’s 4Q17 Earnings: What You Need to Know for a detailed analysis of ArcelorMittal’s 4Q17 financial performance.

AK Steel’s (AKS) 4Q17 earnings were also higher than analysts’ estimates. However, the company’s guidance likely spooked markets and the stock lost 13.0% on January 31 after its 4Q17 earnings release.

Series overview

In this series, we’ll look at U.S. Steel Corporation’s 4Q17 earnings and explore what drove its 4Q17 financial performance. We’ll also examine key takeaways from its earnings presentation and look at its 2018 earnings guidance. Next, we’ll discuss U.S. Steel Corporation’s 4Q17 revenue.

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