Insights Into Cleveland-Cliffs (CLF) Q4: Wall Street Projections for Key Metrics

Core Viewpoint - Analysts forecast that Cleveland-Cliffs (CLF) will report a quarterly loss of $0.58 per share, indicating a year-over-year decline of 1060$4.31 billion, reflecting a 15.6% decrease compared to the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised 22.9% lower over the last 30 days, indicating a collective reevaluation by analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts predict 'Revenues- Other Businesses' at $154.30 million, suggesting a year-over-year change of -2.3$4.23 billion, indicating a year-over-year decline of -14.7% [5] - 'Revenues- Steelmaking- Coated steel' is forecasted at $1.38 billion, reflecting an -8.3$243.21 million, suggesting a -22.6% year-over-year change [6] Sales Volumes - 'External Sales Volumes- Steel Products' is projected at 3,819.69 tons, down from 4,039 tons in the previous year [6] - 'Volumes - Steelmaking - Coated steel' is expected to be 1,110.18 tons, compared to 1,140 tons reported last year [7] - 'Volumes - Steelmaking - Slab and other steel products' is estimated at 344.40 tons, down from 473 tons in the same quarter last year [8] - 'Volumes - Steelmaking - Plate' is projected at 172.51 tons, compared to 213 tons reported last year [8] - 'Volumes - Steelmaking - Cold-rolled steel' is expected to reach 568.06 tons, down from 583 tons [9] - 'Volumes - Steelmaking - Hot-rolled steel' is projected at 1,453.94 tons, compared to 1,472 tons last year [9] - 'Volumes - Steelmaking - Stainless and electrical steel' is expected to reach 167.96 tons, slightly up from 158 tons reported last year [10] Market Performance - Over the past month, shares of Cleveland-Cliffs have returned +11.8%, outperforming the Zacks S&P 500 composite's +4.7% change [11] - Currently, CLF carries a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near future [11]