Cleveland-Cliffs (CLF) Stock Dips While Market Gains: Key Facts

Company Performance - Cleveland-Cliffs (CLF) stock closed at $15.65, reflecting a -0.95% change from the previous day's closing price, underperforming the S&P 500 which gained 0.26% [1] - The stock has decreased by 8.78% over the past month, compared to a 2% loss in the Basic Materials sector and a 3.25% gain in the S&P 500 [1] - The upcoming earnings report is expected to show earnings of$ 0.11 per share, indicating a year-over-year decline of 84.06%, with projected quarterly revenue of $5.32 billion, down 11.04% from the previous year [1] Annual Projections - For the full year, earnings are projected at$ 0.95 per share and revenue at $21.25 billion, representing declines of -11.21% and -3.41% respectively from the prior year [2] - Recent revisions to analyst forecasts are crucial as they reflect short-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [2] Valuation Metrics - Cleveland-Cliffs has a Forward P/E ratio of 16.63, which is a premium compared to its industry's Forward P/E of 16.2 [3] - The company has a PEG ratio of 0.36, significantly lower than the industry average PEG ratio of 3.25, indicating a potential undervaluation relative to expected earnings growth [3] Industry Context - The Mining - Miscellaneous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 189, placing it in the bottom 25% of over 250 industries [4] - The Zacks Industry Rank assesses industry strength based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]