Core Viewpoint - Cleveland-Cliffs (CLF) is expected to report a quarterly loss of $0.67 per share, reflecting a significant year-over-year decline of 472.2%, with anticipated revenues of $4.6 billion, down 11.6% from the previous year [1]. Earnings Projections - Over the last 30 days, the consensus EPS estimate has been revised downward by 59.1%, indicating a significant reassessment by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts estimate 'Revenues- Other Businesses' will reach $164.80 million, representing a year-over-year decline of 4.2% [5]. - 'Revenues- Steelmaking' is projected to be $4.43 billion, indicating an 11.9% decrease from the same quarter last year [5]. - The average prediction for 'Revenues- Steelmaking- Coated steel' is $1.34 billion, reflecting a 17.4% year-over-year decline [5]. - 'Revenues- Steelmaking- Slab and other steel products' is estimated at $312.45 million, down 6.7% from the prior year [6]. Sales Volumes - Analysts predict 'External Sales Volumes- Steel Products' will reach 4,064.01 tons, compared to 3,940 tons in the same quarter last year [6]. - The 'Average net selling price per net ton of steel products' is expected to be $985.85, down from $1,175 in the same quarter last year [7]. - 'Volumes - Steelmaking - Coated steel' is projected at 1,084.44 tons, compared to 1,216 tons in the previous year [7]. - 'Volumes - Steelmaking - Slab and other steel products' is expected to be 422.79 tons, down from 449 tons year-over-year [8]. - 'Volumes - Steelmaking - Plate' is projected at 201.33 tons, slightly up from 201 tons in the previous year [8]. - 'Volumes - Steelmaking - Cold-rolled steel' is expected to be 541.11 tons, down from 663 tons in the same quarter last year [9]. - 'Volumes - Steelmaking - Hot-rolled steel' is forecasted to reach 1,651.52 tons, compared to 1,266 tons in the same quarter last year [9]. - 'Volumes - Steelmaking - Stainless and electrical steel' is estimated at 151.36 tons, slightly up from 145 tons in the previous year [10]. Stock Performance - Over the past month, shares of Cleveland-Cliffs have returned +27.6%, outperforming the Zacks S&P 500 composite's +0.4% change [10]. - Currently, CLF holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [11].

The most recent trading session ended with Cleveland-Cliffs (CLF) standing at $7.91, reflecting no shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.74%. On the other hand, the Dow registered a gain of 0.05%, and the technology-centric Nasdaq increased by 1.26%.Coming into today, shares of the mining company had lost 15.22% in the past month. In that same time, the Basic Materials sector lost 2.61%, while the S&P 500 lost 4.77%.Investors will be eagerly watching ...

Company Performance - Cleveland-Cliffs closed at $7.30, with a daily increase of +1.67%, outperforming the S&P 500's gain of 0.13% [1] - Over the past month, Cleveland-Cliffs shares have declined by 24.9%, significantly underperforming the Basic Materials sector's loss of 4.72% and the S&P 500's loss of 6.3% [1] Upcoming Earnings - The company's earnings report is scheduled for May 7, 2025, with an expected EPS of -$0.62, indicating a 444.44% decline from the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $4.6 billion, down 11.5% from the previous year [2] Full Year Projections - For the full year, the Zacks Consensus Estimates predict an EPS of -$0.72 and revenue of $20.16 billion, reflecting changes of +1.37% and +5.08% respectively from the prior year [3] Analyst Estimates - Recent adjustments to analyst estimates for Cleveland-Cliffs are crucial as they reflect short-term business trends [4] - Positive estimate revisions are seen as a sign of optimism regarding the company's business outlook [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 stocks delivering an average annual return of +25% since 1988 [6] - Over the past month, the Zacks Consensus EPS estimate for Cleveland-Cliffs has decreased by 30.77%, and the company currently holds a Zacks Rank of 3 (Hold) [6] Industry Context - Cleveland-Cliffs operates within the Steel - Producers industry, which is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 66, placing it in the top 27% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

In the latest market close, Cleveland-Cliffs (CLF) reached $7.34, with a +0.82% movement compared to the previous day. The stock lagged the S&P 500's daily gain of 1.81%. At the same time, the Dow added 1.56%, and the tech-heavy Nasdaq gained 2.06%.The mining company's shares have seen a decrease of 25.18% over the last month, not keeping up with the Basic Materials sector's loss of 7.52% and the S&P 500's loss of 6.14%.The upcoming earnings release of Cleveland-Cliffs will be of great interest to investors ...

Everyone is in shock at the sharpest drop in the S&P 500 index recently, bringing back prices not seen since September 2024. The recent volatility breakouts are a function of President Trump's recent trade tariffs, which took effect at the start of April 2025 on most of the biggest trade partners with the United States economy. That being said, chaos in one market area typically creates opportunities in another, and there is a big one today. The main purpose, or goal, behind these tariffs is to incentivize ...

Be careful what you wish for.Shares of U.S. steelmaker Cleveland-Cliffs (CLF -16.90%) plunged 16.9% on Thursday, which was significantly worse than the 4.8% plunge experienced by the S&P 500 index.Some might be confused as to why Cleveland-Cliffs, a domestic steel supplier, would be down so much on last night's sweeping tariff announcements from the Trump administration. After all, Cleveland-Cliffs is one of the larger domestic steel producers in the United States. So aren't the administration's tariff poli ...

President Donald Trump's fresh round of 25% auto import tariffs is shaking up the metals market, and JPMorgan analyst Bill Peterson sees near-term headwinds for key players in steel, aluminum, and copper. While domestic production incentives should help Cleveland-Cliffs Inc. CLF and Constellium SE CSTM in the long run, rising costs and inflationary pressures could stifle demand. JPMorgan's U.S. Auto team expects vehicle prices to climb another 5%, with core PCE inflation now forecasted at 3.1% this year. Th ...

Cleveland-Cliffs Inc.'s (CLF) shares closed at $9.40 yesterday, close to their 52-week low of $8.50.The company’s shares have lost 26.3% in the past six months, underperforming the Zacks Mining – Miscellaneous industry’s decline of 12%. The bearishness is due to the underlying challenges in the U.S. steel industry, partly stemming from the weakness in steel prices, which have triggered a downward revision in CLF’s earnings estimates.Technical indicators show that CLF has been trading below the 200-day simpl ...

Company Overview - Cleveland-Cliffs Inc (NYSE:CLF) has seen its stock price decrease by 3.5% to $9.20 following the announcement of temporarily idling two facilities in Minnesota, leading to hundreds of job cuts due to reduced orders from auto manufacturers amid tariff policy uncertainties [1] Stock Performance - Year-to-date, CLF has a deficit of 2.2% and has declined by 57.1% over the past 12 months, approaching its worst weekly drop since mid-December, while trying to recover from a four-year low of $8.50 reached on March 11 [2] Short Interest - Short interest in CLF has increased by 28.6% over the last two reporting periods, with 54.24 million shares sold short, representing 11.2% of the stock's available float. It would take approximately three days for shorts to cover at the stock's average daily trading volume [3] Options Activity - The 10-day call/put volume ratio for Cleveland-Cliffs stock is 8.08, ranking in the 82nd percentile of annual readings, indicating that options traders have been significantly more bullish than usual over the past two weeks [4]

Group 1 - The article discusses the subscription service Beyond the Wall Investing, which offers access to high-quality equity research reports, potentially saving investors thousands of dollars annually [1] - Cleveland-Cliffs (CLF) is highlighted as a stock that has been underperforming the market despite the author's belief in its potential [1] - The investing group provides features such as a fundamentals-based portfolio, weekly analysis from institutional investors, and alerts for short-term trade ideas based on technical signals [1] Group 2 - The article emphasizes that past performance is not indicative of future results, and no specific investment recommendations are provided [2] - It notes that the views expressed may not reflect those of Seeking Alpha as a whole, and the analysts involved may not be licensed or certified [2]