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Compared to Estimates, Cleveland-Cliffs (CLF) Q3 Earnings: A Look at Key Metrics
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Cleveland-Cliffs (CLF - Free Report) reported $5.61 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 18.6%. EPS of $0.28 for the same period compares to -$0.45 a year ago.
The reported revenue represents a surprise of +0.56% over the Zacks Consensus Estimate of $5.58 billion. With the consensus EPS estimate being $0.24, the EPS surprise was +16.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cleveland-Cliffs performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
External Sales Volumes - Total steel Products: 4,150.00 KTon versus 4,283.39 KTon estimated by three analysts on average.
Average net selling price per net ton of steel products: $1,177.00 versus $1,188.09 estimated by three analysts on average.
Steel shipments by product - Coated steel: 1,289.00 KTon compared to the 1,342.19 KTon average estimate based on two analysts.
Steel shipments by product - Plate: 177.00 KTon versus the two-analyst average estimate of 184.10 KTon.
Revenues- Other Businesses: $165 million versus $180 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -4.6% change.
Revenues- Steelmaking: $5.45 billion compared to the $5.61 billion average estimate based on three analysts. The reported number represents a change of +19.4% year over year.
Revenues- Steelmaking- Stainless and electrical steel: $514 million compared to the $535 million average estimate based on two analysts. The reported number represents a change of +10.3% year over year.
Revenues- Steelmaking- Plate steel: $267 million compared to the $271.34 million average estimate based on two analysts. The reported number represents a change of -6.6% year over year.
Revenues- Steelmaking- Other: $561 million versus the two-analyst average estimate of $507.21 million. The reported number represents a year-over-year change of +38.5%.
Revenues- Steelmaking- Cold-rolled steel: $704 million compared to the $738.36 million average estimate based on two analysts. The reported number represents a change of +10.7% year over year.
Revenues- Steelmaking- Hot-rolled steel: $1.75 billion compared to the $1.94 billion average estimate based on two analysts. The reported number represents a change of +55.9% year over year.
Revenues- Steelmaking- Coated steel: $1.65 billion versus the two-analyst average estimate of $1.62 billion. The reported number represents a year-over-year change of +14.6%.
Shares of Cleveland-Cliffs have returned +16.8% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
View the Zacks #1 Rank List
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Compared to Estimates, Cleveland-Cliffs (CLF) Q3 Earnings: A Look at Key Metrics
Cleveland-Cliffs (CLF - Free Report) reported $5.61 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 18.6%. EPS of $0.28 for the same period compares to -$0.45 a year ago.
The reported revenue represents a surprise of +0.56% over the Zacks Consensus Estimate of $5.58 billion. With the consensus EPS estimate being $0.24, the EPS surprise was +16.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cleveland-Cliffs performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Cleveland-Cliffs here>>>
Shares of Cleveland-Cliffs have returned +16.8% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.