Why the Market Dipped But Cleveland-Cliffs (CLF) Gained Today

Stock Performance - Cleveland-Cliffs (CLF) closed at $10 05, marking a +1 52% increase from the prior day [1] - The stock outperformed the S&P 500, which lost 1 11%, while the Dow lost 0 42% and the Nasdaq lost 1 89% [1] - Over the last month, CLF shares decreased by 19 38%, underperforming the Basic Materials sector's loss of 10 34% and the S&P 500's loss of 1 7% [1] Earnings and Revenue Expectations - The company is expected to report an EPS of -$ 0 50, down 900% from the prior-year quarter [2] - Revenue is projected at $4 37 billion, down 14 49% year-over-year [2] Analyst Estimates and Revisions - Recent adjustments to analyst estimates reflect short-term business dynamics, with positive revisions indicating optimism about the company's outlook [3] - Estimate changes are directly linked to near-term stock price performance [4] - The Zacks Consensus EPS estimate has moved 39 29% lower over the past month [5] Valuation Metrics - Cleveland-Cliffs has a Forward P/E ratio of 81 53, significantly higher than the industry average of 13 08 [6] - The company's PEG ratio is 11 34, compared to the industry average of 3 77 [6] Industry Overview - The Mining - Miscellaneous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 86, placing it in the top 35% of all industries [7] - The top 50% of industries outperform the bottom half by a factor of 2 to 1 [7]