Cliffs(CLF) ZACKS·2025-02-26 15:36Core Insights - Cleveland-Cliffs reported a revenue of $4.33 billion for the quarter ended December 2024, reflecting a 15.4% decrease year-over-year, with an EPS of -$0.68 compared to -$0.05 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $4.31 billion by 0.27%, while the EPS fell short of the consensus estimate of -$0.65 by 4.62% [1] Financial Performance Metrics - External sales volumes for steel products were 3,827 tons, slightly above the estimated 3,819.69 tons [4] - The average net selling price per ton of steel products was $976, lower than the estimated $986.27 [4] - Steelmaking revenues totaled $4.17 billion, down 15.9% year-over-year, and below the average estimate of $4.23 billion [4] - Revenues from coated steel were $1.23 billion, a decline of 18.6% compared to the previous year, and below the estimated $1.38 billion [4] - Revenues from slab and other steel products were $249 million, representing a 20.7% decrease year-over-year, and slightly above the estimated $243.21 million [4] - Revenues from plate products were $232 million, down 30.1% year-over-year, and below the estimated $255.50 million [4] - Revenues from cold-rolled steel were $581 million, a 6.3% decrease year-over-year, and below the estimated $606.17 million [4] - Revenues from hot-rolled steel were $1.03 billion, a 7.8% decrease year-over-year, and above the estimated $910.07 million [4] Stock Performance - Cleveland-Cliffs shares returned +6.5% over the past month, outperforming the Zacks S&P 500 composite, which declined by -2.3% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]