Cleveland-Cliffs (CLF) closed the most recent trading day at $9.53, moving -3.25% from the previous trading session. This change lagged the S&P 500's 0.51% loss on the day. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 1.47%.
Coming into today, shares of the mining company had lost 22.32% in the past month. In that same time, the Basic Materials sector lost 8.52%, while the S&P 500 gained 0.53%.
The investment community will be closely monitoring the performance of Cleveland-Cliffs in its forthcoming earnings report. The company is scheduled to release its earnings on July 23, 2026. In that report, analysts expect Cleveland-Cliffs to post earnings of -$0.18 per share. This would mark year-over-year growth of 64%. Simultaneously, our latest consensus estimate expects the revenue to be $5.17 billion, showing a 4.83% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.27 per share and revenue of $20.59 billion. These totals would mark changes of +89.11% and +10.67%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Cleveland-Cliffs. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 36.51% increase. Cleveland-Cliffs presently features a Zacks Rank of #2 (Buy).
The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 40, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Cleveland-Cliffs Inc. (CLF): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).