The Country Caller presents United States Steel and Anadarko Petroleum’s Q4 forecasts

Published By: Eunice Gettys on January 31, 2017 11:13 am EST

United States Steel Corporation (NYSE:X) and Anadarko Petroleum Corporation (NYSE:APC) are set to report their fourth quarter of fiscal year 2016 (4QFY16) financial results after the closing bell on January 31. Both companies have disappointed their investors historically by missing out on analysts’ expectations.

United States Steel 

The consensus earnings per share (EPS) estimate stands at one cent. While the estimate marks a dramatic improvement from the Pennsylvania-based company’s last year’s 4Q loss per share (LPS) of 23 cents, it also represents a drastic decline from EPS of 40 cents reported in the preceding quarter.

Wall Street analysts expect revenue to clock in at $2.67 billion, which would represent a decline of 1.11% on a quarter-over-quarter (QoQ) basis. However, Estimize.com predicts that the company will modestly underperform Street estimates with its revenue forecast of $2.66 billion. The company reported revenue of $2.6 billion in the same quarter last year.

Anadarko Petroleum

According to Wall Street data, Anadarko’s 4Q LPS is expected to clock in at 51 cents, representing a remarkable improvement from 3QFY16 loss per share (LPS) of 89 cents per share. It also indicates a slight loss enhancement of 10.53% year-over-year (YoY). In contrast, Estimize.com expects loss to further decline to 50 cents this period.

Reportedly, Anadarko’s previous period and prior year 4Q revenues were observed at $1.89 billion and $2.05 billion. Therefore, Wall Street’s 4QFY16 estimate of $2.23 billion implies an improvement of 8.78% YoY and about 18% QoQ. Estimize.com expects the company to report revenue of $2.21 billion.