Cleveland-Cliffs has drawn investor attention as analysts sharply raised earnings estimates, with the Zacks Consensus Estimate for the current quarter swinging to a loss of $0.18 per share, a 64% improvement from the year-ago period and a 150% upward revision over the past 30 days. The consensus estimate for the current fiscal year stands at a loss of $0.27 per share, reflecting an 89.1% year-over-year improvement and a 47.8% increase over the past month, while the next fiscal year estimate of $0.46 per share marks a 267.3% jump from the prior year and a 53.3% upward revision. These positive revisions have earned the stock a Zacks Rank #2, or Buy, suggesting potential near-term outperformance. The company reported revenues of $4.92 billion in its most recent quarter, a 6.3% increase year over year, and beat consensus earnings estimates in each of the trailing four quarters. Despite the improving earnings outlook, Cleveland-Cliffs receives a Value Style Score of D, indicating it trades at a premium relative to its peers.
Cleveland-Cliffs IncAnalysts sharply raised earnings estimates, with consensus improving significantly, earning a Zacks Rank #2 (Buy) and suggesting near-term outperformance.