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Growth & Income: United States Steel Corporation

 Aug 11, 2008 05:33 PM UTC
Return Risk
-44.98% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
X Positive 08/11/08 +7.36% 08/13/08

Graphic_arrow1 Via BloggingStocks:  

Filed under: U.S. Steel (X), Stocks to Buy

By Alex Kolb, Zack's Investment Research

United States Steel Corporation (NYSE: X) has seen 8 out of 10 covering analysts boost full-year earnings estimates since we featured this Growth and Income pick back in mid-July. Forecasts of $20.50 per share are above last month's $16.00. The most accurate projection is more bullish at $21.46 per share.

Robust Growth with Record Numbers

The company recently announced second-quarter results and upped its dividend. Net income of $668 million soared past the previous year's $302 million. During the past 5 consecutive quarters, earnings per share were on average about 9% ahead of analyst expectations, with the most recent results coming in at an impressive 49.5% above expectations.

Commenting on results, U. S. Steel Chairman and CEO John P. Surma said, "We recorded the highest quart

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