United States Steel Corporation (X) saw its shares jump 5.1% to close at $54.85, with significant trading volume on the previous session. This increase follows a 29.3% gain over the preceding four weeks, attributed to President Trump’s approval of its partnership with Nippon Steel and the completion of the Department of Justice review process. Under a National Security Agreement with the U.S. Government, the companies will make $11 billion in investments by 2028, starting with a greenfield project expected after that date.
In its upcoming quarterly report, U.S. Steel anticipates earnings of $0.41 per share, reflecting a -51.2% year-over-year decrease, with expected revenues of $4.07 billion, down 1.1% from the previous year. The consensus EPS estimate has been revised 1.1% higher in the last 30 days, indicating a potential for future price appreciation.
