Seeking Clues to Cleveland-Cliffs (CLF) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Insights - Cleveland-Cliffs (CLF) is expected to report quarterly earnings of $0.24 per share, a significant increase of 318.2% year-over-year, with revenues projected at $5.31 billion, reflecting a slight increase of 0.2% compared to the previous year [1] - The consensus EPS estimate has been revised down by 10.8% over the last 30 days, indicating a reevaluation by analysts [1] Revenue Estimates - Analysts project 'Revenues- Other Businesses' to reach $141.41 million, a decrease of 16.3% from the prior-year quarter [2] - 'Revenues- Steelmaking- Hot-rolled steel' is estimated at $1.24 billion, showing an increase of 11% year-over-year [2] - 'Revenues- Steelmaking- Cold-rolled steel' is expected to be $660.79 million, reflecting a growth of 3.4% from the previous year [2] - 'Revenues- Steelmaking- Coated steel' is forecasted to be $1.52 billion, indicating a decline of 6.2% year-over-year [3] Volume Estimates - 'Volumes - Steelmaking - Hot-rolled steel' is expected to reach 1,481.31 tons, slightly down from 1,490 tons reported in the same quarter last year [3] - 'Volumes - Steelmaking - Cold-rolled steel' is projected at 599.63 tons, compared to 597 tons in the previous year [3] - 'Volumes - Steelmaking - Coated steel' is estimated at 1,159.00 tons, down from 1,168 tons year-over-year [3] - 'Volumes - Steelmaking - Slab and other steel products' is expected to be 458.28 tons, consistent with the previous year's figure [4] - 'Volumes - Steelmaking - Plate' is forecasted to reach 213.11 tons, an increase from 198 tons year-over-year [4] - 'External Sales Volumes- Steel Products' is estimated at 4,089.04 tons, slightly up from 4,085 tons in the same quarter last year [4] - 'Volumes - Steelmaking - Stainless and electrical steel' is projected at 199.14 tons, compared to 174 tons reported in the previous year [4] Pricing Estimates - The average net selling price per net ton of steel products is expected to be $1,165.04, up from $1,128 year-over-year [3] Stock Performance - Over the past month, Cleveland-Cliffs shares have returned +0.4%, while the Zacks S&P 500 composite has decreased by -1.1% [5] - The company holds a Zacks Rank 3 (Hold), suggesting performance alignment with the overall market in the upcoming period [5]