Cleveland-Cliffs (CLF) closed the most recent trading day at $9.23, moving +2.1% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.62%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 0.83%.
Shares of the mining company witnessed a loss of 2.59% over the previous month, trailing the performance of the Basic Materials sector with its gain of 1.87%, and the S&P 500's gain of 0.8%.
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 April 20, 2026. The company is expected to report EPS of -$0.35, up 61.96% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $4.86 billion, indicating a 4.91% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.4 per share and a revenue of $20.23 billion, signifying shifts of +83.87% and +8.71%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Cleveland-Cliffs. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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 7.05% higher. Currently, Cleveland-Cliffs is carrying a Zacks Rank of #4 (Sell).
The Steel - Producers industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 214, this industry ranks in the bottom 13% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Cleveland-Cliffs Inc. (CLF): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).