Cleveland-Cliffs (CLF) closed at $14.05 in the latest trading session, marking a -1.54% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.01%. Elsewhere, the Dow saw an upswing of 0.03%, while the tech-heavy Nasdaq appreciated by 0.17%.
Shares of the mining company witnessed a gain of 6.41% over the previous month, trailing the performance of the Basic Materials sector with its gain of 11%, and outperforming the S&P 500's gain of 0.78%.
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. The company is expected to report EPS of -$0.62, up 8.82% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.62 billion, up 6.84% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$2.48 per share and revenue of $18.91 billion, indicating changes of -239.73% and 0%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Cleveland-Cliffs. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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, the Zacks Consensus EPS estimate has moved 345.83% lower. Cleveland-Cliffs presently features a Zacks Rank of #3 (Hold).
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in 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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