In the latest close session, Cleveland-Cliffs (CLF) was down 2.8% at $13.56. This change lagged the S&P 500's daily loss of 0.63%. At the same time, the Dow lost 0.65%, and the tech-heavy Nasdaq lost 0.47%.
Shares of the mining company have appreciated by 23.56% over the course of the past month, outperforming the Basic Materials sector's gain of 0.36%, and the S&P 500's gain of 0.92%.
Investors will be eagerly watching for the performance of Cleveland-Cliffs in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on October 20, 2025. The company's earnings per share (EPS) are projected to be -$0.48, reflecting a 45.45% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.89 billion, up 6.95% from the year-ago period.
CLF's full-year Zacks Consensus Estimates are calling for earnings of -$2.25 per share and revenue of $19.29 billion. These results would represent year-over-year changes of -208.22% and +0.54%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Cleveland-Cliffs. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 5.01% decrease. Cleveland-Cliffs is currently a Zacks Rank #4 (Sell).
The Steel - Producers industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 96, this industry ranks in the top 39% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Cleveland-Cliffs Inc. (CLF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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