Cliffs(US:CLF) ZACKS·2025-10-15 14:18Core Viewpoint - Cleveland-Cliffs (CLF) is expected to report a quarterly loss of -$0.48 per share, reflecting a year-over-year decline of 45.5%, while revenues are anticipated to reach $4.89 billion, marking a 6.9% increase compared to the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised down by 22.6% over the last 30 days, indicating a significant reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts forecast 'Revenues- Other Businesses' to reach $158.71 million, a 5.8% increase from the prior-year quarter [5]. - 'Revenues- Steelmaking' is estimated at $4.72 billion, reflecting a 6.7% increase year-over-year [5]. - 'Revenues- Steelmaking- Coated steel' is projected to be $1.41 billion, indicating a 2.2% increase from the previous year [5]. - 'Revenues- Steelmaking- Slab and other steel products' is expected to reach $265.65 million, showing a year-over-year decline of 3.8% [6]. Steel Shipments - Total steel shipments are projected to be 4,274 thousand tons, up from 3,840 thousand tons reported in the same quarter last year [6]. - The average net selling price per net ton of steel products is expected to be $1,004.08, down from $1,045.00 a year ago [7]. - Steel shipments by product are estimated as follows: - Coated steel: 1,143 thousand tons, up from 1,078 thousand tons [7]. - Slab and other steel products: 409 thousand tons, slightly down from 414 thousand tons [8]. - Plate: 215 thousand tons, up from 173 thousand tons [8]. - Cold-rolled steel: 630 thousand tons, down from 635 thousand tons [9]. - Hot-rolled steel: 1,744 thousand tons, up from 1,400 thousand tons [9]. - Stainless and electrical steel: 132 thousand tons, down from 140 thousand tons [10]. Market Performance - Cleveland-Cliffs shares have increased by 19.1% over the past month, compared to a 1% increase in the Zacks S&P 500 composite [11]. - The company holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near future [11].