Cleveland-Cliffs (CLF) closed the most recent trading day at $14.25, moving +2.89% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.84%. Meanwhile, the Dow lost 0.34%, and the Nasdaq, a tech-heavy index, lost 1.43%.
Prior to today's trading, shares of the mining company had gained 4.92% lagged the Basic Materials sector's gain of 11.73% and outpaced the S&P 500's gain of 1.8%.
Analysts and investors alike will be keeping a close eye on the performance of Cleveland-Cliffs in its upcoming earnings disclosure. The company's earnings report is set to go public on February 9, 2026. In that report, analysts expect Cleveland-Cliffs to post earnings of -$0.62 per share. This would mark year-over-year growth of 8.82%. Meanwhile, the latest consensus estimate predicts the revenue to be $4.62 billion, indicating a 6.84% increase compared to the same quarter of the previous year.
CLF's full-year Zacks Consensus Estimates are calling for earnings of -$2.48 per share and revenue of $18.91 billion. These results would represent year-over-year changes of -239.73% and 0%, respectively.
Investors should also note any recent changes to analyst estimates for Cleveland-Cliffs. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 345.83% lower. Cleveland-Cliffs currently has a Zacks Rank of #3 (Hold).
The Steel - Producers industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 81, finds itself in the top 34% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cleveland-Cliffs Inc. (CLF): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
