In the latest trading session, Cleveland-Cliffs (CLF) closed at $14.34, marking a -1.98% move from the previous day. This change lagged the S&P 500's daily gain of 0.55%. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 0.91%.
Shares of the mining company witnessed a gain of 6.4% over the previous month, trailing the performance of the Basic Materials sector with its gain of 9.86%, and outperforming the S&P 500's gain of 0.71%.
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 February 9, 2026. It is anticipated that the company will report an EPS of -$0.59, marking a 13.24% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $4.62 billion, up 6.87% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.44 per share and revenue of $18.91 billion. These totals would mark changes of -234.25% and 0%, respectively, from last year.
Any recent changes to analyst estimates for Cleveland-Cliffs should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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 moved 345.83% lower. Currently, Cleveland-Cliffs is carrying a Zacks Rank of #3 (Hold).
The Steel - Producers industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 15, placing it within the top 7% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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