Cleveland-Cliffs (CLF) shares rose 1.95% to $11.52, outpacing the S&P 500's 0.32% gain, though the stock has dropped 7.76% over the past month versus the sector's 15.1% rise. The company is expected to report earnings of $0.25 per share for the upcoming quarter, a 155.56% increase year-over-year, with revenue projected at $5.6 billion, up 18.28%. For the full year, consensus estimates call for a loss of $0.12 per share and revenue of $21.09 billion, representing shifts of +95.16% and +13.34% respectively. Over the last 30 days, the Zacks Consensus EPS estimate has moved 28.13% higher, and Cleveland-Cliffs holds a Zacks Rank of #3 (Hold). The Steel - Producers industry, part of the Basic Materials sector, currently ranks in the bottom 37% of all industries.
Cleveland-Cliffs IncAnalysts raised EPS estimates for the upcoming quarter and full year, with a 28.13% upward revision in the Zacks Consensus EPS estimate over the last 30 days.