Cleveland-Cliffs Inc.’s (CLF) fourth-quarter 2023 adjusted loss was 5 cents per share compared with a loss of 40 cents in the prior-year quarter. It was narrower than the Zacks Consensus Estimate of loss of 7 cents.Revenues increased around 1.3% to $5,112 million from the year-ago quarter. The top line, however, missed the Zacks Consensus Estimate of $5,161.9 million.Operational HighlightsThe company reported Steelmaking revenues of $4,954 million in the fourth quarter, up around 1.1% year over year.The ave ...

Cleveland-Cliffs (CLF) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this mining company would post earnings of $0.44 per share when it actually produced earnings of $0.54, delivering a surprise of 22.73%.Over the last four quarters, the company h ...

Cleveland-Cliffs Inc (NYSE: CLF) is trading down in extended hours on Monday after reporting weaker-than-expected revenue for its fourth financial quarter.Cleveland-Cliffs guidance for fiscal 2024Copy link to sectionThe iron-ore and steel making company now forecasts $675 million to $725 million in capital expenditures for fiscal 2024. Despite coming in shy of revenue expectations in the recently concluded quarter, Cleveland-Cliffs is confident that its adjusted EBITDA will improve sequentially in Q1. Loure ...

Cleveland-Cliffs Inc. (CLF) announced the successful completion of a hydrogen (H2) injection trial at its Indiana Harbor #7 blast furnace, marking a milestone in North American steel production. Following the successful trial at Middletown Works in May 2023, this represents the second Cleveland-Cliffs blast furnace to integrate hydrogen as a reductant and fuel source.Indiana Harbor #7 stands as one of the largest blast furnaces globally and the largest in North America, renowned for its size and production ...

CLEVELAND--(BUSINESS WIRE)--Cleveland-Cliffs Inc. (NYSE: CLF) announced today that it has successfully completed a hydrogen (H2) injection trial at its Indiana Harbor #7 blast furnace, the largest blast furnace in North America. This represents the second Cleveland-Cliffs blast furnace to utilize hydrogen as a reductant and fuel source, following the successful trial at Middletown Works in May of 2023. Indiana Harbor #7 is among the largest blast furnaces in the entire world, both in size and production cap ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they beli ...

Cleveland-Cliffs (CLF) closed the most recent trading day at $18.27, moving +1.22% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.08%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq increased by 0.36%.Prior to today's trading, shares of the mining company had lost 13.47% over the past month. This has lagged the Basic Materials sector's loss of 6.84% and the S&P 500's gain of 2.4% in that time.Analysts and investors alike will be ...

In its upcoming report, Cleveland-Cliffs (CLF) is predicted by Wall Street analysts to post quarterly loss of $0.07 per share, reflecting an increase of 76.7% compared to the same period last year. Revenues are forecasted to be $5.16 billion, representing a year-over-year increase of 2.3%.The consensus EPS estimate for the quarter has been revised 69.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates d ...

Cleveland-Cliffs Inc. (CLF) is slated to release fourth-quarter 2023 results after the closing bell on Jan 29.The company beat the Zacks Consensus Estimate for earnings in three of the last four quarters, while posted in-line result once. It has a trailing four-quarter earnings surprise of roughly 19.9%, on average.Cleveland-Cliffs is likely to have gained from healthy overall volumes and lower steelmaking unit costs in the fourth quarter. However, weaker selling prices are likely to have hurt its margins.T ...

The shares of Cleveland-Cliffs Inc (NYSE:CLF) are already down 12.1% since the start of the year. The equity has only closed higher three days this January, though checking off a fourth today if gains hold. At last glance, CLF was up 1.2% at $17.94, and potentially poised for a rebound. According to Schaeffer's Senior Quantitative Analyst Rocky White, the recent pullback has CLF within one standard deviation of its 260-day moving average for the second time in the last three years. The stock was 14.6% highe ...