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Cleveland-Cliffs (CLF) Registers a Bigger Fall Than the Market: Important Facts to Note
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Cleveland-Cliffs (CLF - Free Report) closed at $12.58 in the latest trading session, marking a -2.18% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.11%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 1.88%.
Prior to today's trading, shares of the mining company had gained 9.08% outpaced the Basic Materials sector's loss of 5.96% and the S&P 500's gain of 2.06%.
The upcoming earnings release of Cleveland-Cliffs will be of great interest to investors. The company's earnings report is expected on October 19, 2026. The company is expected to report EPS of $0.24, up 153.33% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $5.58 billion, showing a 17.89% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.1 per share and revenue of $21.13 billion, which would represent changes of +104.03% and +13.52%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Cleveland-Cliffs. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 341.67% rise in the Zacks Consensus EPS estimate. Cleveland-Cliffs currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Cleveland-Cliffs is presently trading at a Forward P/E ratio of 133.03. This expresses a premium compared to the average Forward P/E of 13.24 of its industry.
Meanwhile, CLF's PEG ratio is currently 6.08. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Steel - Producers industry had an average PEG ratio of 0.44 as trading concluded yesterday.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Cleveland-Cliffs (CLF) Registers a Bigger Fall Than the Market: Important Facts to Note
Cleveland-Cliffs (CLF - Free Report) closed at $12.58 in the latest trading session, marking a -2.18% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.11%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 1.88%.
Prior to today's trading, shares of the mining company had gained 9.08% outpaced the Basic Materials sector's loss of 5.96% and the S&P 500's gain of 2.06%.
The upcoming earnings release of Cleveland-Cliffs will be of great interest to investors. The company's earnings report is expected on October 19, 2026. The company is expected to report EPS of $0.24, up 153.33% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $5.58 billion, showing a 17.89% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.1 per share and revenue of $21.13 billion, which would represent changes of +104.03% and +13.52%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Cleveland-Cliffs. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 341.67% rise in the Zacks Consensus EPS estimate. Cleveland-Cliffs currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Cleveland-Cliffs is presently trading at a Forward P/E ratio of 133.03. This expresses a premium compared to the average Forward P/E of 13.24 of its industry.
Meanwhile, CLF's PEG ratio is currently 6.08. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Steel - Producers industry had an average PEG ratio of 0.44 as trading concluded yesterday.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.