Cleveland-Cliffs (CLF) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - Cleveland-Cliffs (CLF) closed at $9.39, reflecting a +2.74% increase from the previous day, outperforming the S&P 500's daily gain of 0.54% [1] - Over the last month, the company's shares have risen by 24.69%, while the Basic Materials sector experienced a slight loss of 0.05% and the S&P 500 gained 4.2% [1] Upcoming Earnings Disclosure - The earnings report for Cleveland-Cliffs is scheduled for July 21, 2025, with an anticipated EPS of -$0.67, representing a 709.09% decline compared to the same quarter last year [2] - The consensus estimate for revenue is $4.9 billion, indicating a 3.83% decrease from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict an EPS of -$1.83 and revenue of $19.46 billion, reflecting changes of -150.68% and +1.45% respectively from the previous year [3] - Recent adjustments to analyst estimates suggest a positive outlook for the business, as these revisions often align with short-term business dynamics [3] Zacks Rank and Industry Performance - The Zacks Rank system, which evaluates estimate changes, currently ranks Cleveland-Cliffs at 3 (Hold), with a recent 13.02% decrease in the EPS estimate over the past month [5] - The Steel - Producers industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 199, placing it in the bottom 20% of over 250 industries [6]