Is Most-Watched Stock Cleveland-Cliffs Inc. (CLF) Worth Betting on Now?

Core Viewpoint - Cleveland-Cliffs (CLF) has shown a strong stock performance recently, returning +8.3% over the past month, outperforming the S&P 500 composite's +3% and the Zacks Steel - Producers industry's +4.4% [1] Earnings Estimates - Cleveland-Cliffs is expected to report a loss of $0.43 per share for the current quarter, reflecting a year-over-year decline of -30.3% [4] - The consensus earnings estimate for the current fiscal year is -$2.07, indicating a significant year-over-year change of -183.6% [4] - For the next fiscal year, the consensus earnings estimate is $0.20, representing a year-over-year increase of +109.5% [5] - Over the last 30 days, the consensus estimates have changed by -4.1% for the current quarter and -5.1% for the current fiscal year [4][5] Revenue Growth - The consensus sales estimate for the current quarter is $4.92 billion, showing a year-over-year increase of +7.6% [10] - For the current and next fiscal years, the revenue estimates are $19.32 billion and $20.4 billion, indicating changes of +0.7% and +5.6%, respectively [10] Last Reported Results - Cleveland-Cliffs reported revenues of $4.93 billion in the last quarter, a year-over-year decrease of -3.1% [11] - The EPS for the same period was -$0.50, compared to $0.11 a year ago, with a revenue surprise of +0.62% and an EPS surprise of +26.47% [11] Valuation - Cleveland-Cliffs is graded F on the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [16] - The assessment of valuation multiples such as P/E, P/S, and P/CF suggests that the stock may be overvalued relative to its historical values and peers [14][16] Conclusion - The current Zacks Rank of 3 suggests that Cleveland-Cliffs may perform in line with the broader market in the near term, despite the mixed signals from earnings and revenue estimates [17]