What Should You Expect from U.S. Steel’s 1Q18 Earnings?

1Q18 earnings season is in full swing. So what should you expect for U.S. Steel?

Mohit Oberoi, CFA - Author

Dec. 4 2020, Updated 10:53 a.m. ET

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U.S. Steel Corporation’s 1Q18 earnings

1Q18 earnings season is in full swing. Last week, both Nucor (NUE) and Steel Dynamics (STLD) released their quarterly financial performance. Steel Dynamics reported revenues of $2.6 billion in 1Q18 versus $2.3 billion in 4Q17 and $2.4 billion in 1Q17. The company reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $400 million in 1Q18, compared to $285 million in 4Q17 and $421 million in 1Q17. Steel Dynamics’ 1Q18 earnings were better than expected.

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Nucor’s 1Q18 earnings also beat Wall Street estimates. The company reported revenues of $5.6 billion in 1Q18. In comparison, it posted revenues of $5.1 billion in 4Q17 and $4.8 billion in 1Q17. The company posted EPS (earnings per share) of $1.10 in 1Q18. When it released its 1Q18 earnings guidance in mid-March, Nucor said it expects to post EPS of $1.00–$1.05 in 1Q18.

After a brief lull, we get two major steel earnings (XME) next week. Both U.S. Steel Corporation (X) and AK Steel (AKS) are scheduled to release their 1Q18 earnings on April 30. U.S Steel is slated to hold its earnings conference call on May 1 to discuss earnings with analysts.

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Series overview

In this series, we’ll see what analysts project for U.S. Steel’s 1Q18 earnings. We’ll also look at some key updates that the markets might be expecting from the company’s 1Q18 earnings call. Before we look at U.S. Steel’s 1Q18 earnings estimates, let’s see how Wall Street analysts have recently revised the stock’s ratings and target prices.


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