Cliffs(US:CLF) ZACKSยท2025-07-07 23:16Company Overview - Cleveland-Cliffs closed at $8.49, reflecting a -3.74% change from the previous trading session, underperforming the S&P 500's loss of 0.79% [1] - Prior to this trading day, shares had increased by 16.05%, outperforming the Basic Materials sector's gain of 4.52% and the S&P 500's gain of 5.22% [1] Earnings Expectations - The upcoming earnings report is scheduled for July 21, 2025, with an expected EPS of -$0.65, indicating a significant decline of 690.91% compared to the same quarter last year [2] - Revenue is projected to be $4.94 billion, reflecting a 2.91% decrease from the year-ago quarter [2] Annual Performance Estimates - For the annual period, the Zacks Consensus Estimates predict an EPS of -$1.83 and revenue of $19.49 billion, representing declines of -150.68% and a slight increase of +1.6%, respectively [3] - Recent adjustments to analyst estimates may indicate changing business dynamics, with positive revisions suggesting optimism about the company's outlook [3] Stock Performance and Rankings - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 rated stocks delivering an average annual return of +25% since 1988 [5] - Cleveland-Cliffs currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate decreasing by 12.62% over the last 30 days [5] Industry Context - The Steel - Producers industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 90, placing it in the top 37% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [6]