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Cleveland-Cliffs (CLF) Outpaces Stock Market Gains: What You Should Know
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Cleveland-Cliffs (CLF - Free Report) closed the most recent trading day at $8.71, moving +2.11% from the previous trading session. This change outpaced the S&P 500's 0.08% gain on the day. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.1%.
The mining company's stock has dropped by 10.68% in the past month, falling short of the Basic Materials sector's loss of 6.04% and the S&P 500's loss of 1.74%.
The upcoming earnings release of Cleveland-Cliffs will be of great interest to investors. The company's earnings report is expected on April 20, 2026. The company's earnings per share (EPS) are projected to be -$0.34, reflecting a 63.04% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.93 billion, indicating a 6.42% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.44 per share and a revenue of $20.35 billion, demonstrating changes of +82.26% and +9.36%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Cleveland-Cliffs. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.36% downward. Cleveland-Cliffs is currently sporting a Zacks Rank of #4 (Sell).
The Steel - Producers industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 215, positioning it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CLF in the coming trading sessions, be sure to utilize Zacks.com.
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Cleveland-Cliffs (CLF) Outpaces Stock Market Gains: What You Should Know
Cleveland-Cliffs (CLF - Free Report) closed the most recent trading day at $8.71, moving +2.11% from the previous trading session. This change outpaced the S&P 500's 0.08% gain on the day. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.1%.
The mining company's stock has dropped by 10.68% in the past month, falling short of the Basic Materials sector's loss of 6.04% and the S&P 500's loss of 1.74%.
The upcoming earnings release of Cleveland-Cliffs will be of great interest to investors. The company's earnings report is expected on April 20, 2026. The company's earnings per share (EPS) are projected to be -$0.34, reflecting a 63.04% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.93 billion, indicating a 6.42% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.44 per share and a revenue of $20.35 billion, demonstrating changes of +82.26% and +9.36%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Cleveland-Cliffs. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.36% downward. Cleveland-Cliffs is currently sporting a Zacks Rank of #4 (Sell).
The Steel - Producers industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 215, positioning it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CLF in the coming trading sessions, be sure to utilize Zacks.com.