Cleveland-Cliffs to Post Q3 Earnings: What's in Store for the Stock?

Cleveland-Cliffs Inc. (CLF) is slated to release third-quarter 2024 results after the closing bell on Nov. 4. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. CLF has a trailing four-quarter earnings surprise of roughly 15.4%, on average. While CLF is expected to have benefited from lower steelmaking unit costs and healthy overall volumes, lower steel prices are likely to have weighed on its performance in the third quarter. CLF stock has declined 15.5% in a year's time compared wit ...